|Over a week ago|
Ramaco Resources awarded $32.7M jury verdict in suit against Chubb » 08:3607/1907/19/21
On July 15 and 16, Ramaco…
On July 15 and 16, Ramaco Resources (METC) prevailed and was awarded an approximately $32.7M jury verdict in its lawsuit against insurance companies indirectly owned by Chubb INA Holdings(CB). The claim was litigated in the United States District Court for the Southern District of West Virginia. It arose from Chubb's denial of insurance coverage of damages incurred by the Company from the collapse of a coal storage silo, which occured at the Company's Elk Creek coal complex in West Virginia on November 5, 2018. Based on the denial of this coverage, the company filed suit against Chubb in August 2019, which was ultimately heard before the Federal court in the Southern District of West Virginia. On July 15, the jury returned a verdict in favor of the company for $7,653,057 in compensatory damages and on July 16, made an additional award of $25M for inconvenience and aggravation. The company will seek to additionally recover its attorney's fees and costs. This verdict is not final and may be subject to post-trial motions or appeal.
Ramaco Resources price target raised to $8 from $7.50 at B. Riley » 07:3007/1407/14/21
B. Riley analyst Lucas…
B. Riley analyst Lucas Pipes raised the firm's price target on Ramaco Resources to $8 from $7.50 and keeps a Buy rating on the shares. The analyst increased the price target to account for the recent run-up in met coal prices.
|Over a month ago|
Ramaco Resources price target raised to $7.50 from $7 at B. Riley » 07:3405/1805/18/21
B. Riley analyst Lucas…
B. Riley analyst Lucas Pipes raised the firm's price target on Ramaco Resources to $7.50 from $7 and reiterates a Buy rating on the shares post last week's Q1 results. The analyst believes Ramaco offers "compelling upside" given its "strong growth prospects" over the next few years.
Ramaco Resources reports Q1 EPS 10c, consensus 0c » 16:1405/1205/12/21
Reports Q1 revenue…
Reports Q1 revenue $43.5M, consensus $46.36M.
|Over a quarter ago|
Senate Energy & Natural Resources Committee to hold a virtual hearing » 09:4004/2204/22/21
The Committee holds a…
The Committee holds a hearing entitled, "Carbon Utilization Technologies" with Randall Atkins, CEO of Ramaco Coal on April 22 at 10 am. Webcast Link
Ramaco Resources price target raised to $9 from $8 at B. Riley Securities » 08:3202/2302/23/21
B. Riley Securities…
B. Riley Securities analyst Lucas Pipes raised the firm's price target on Ramaco Resources to $9 from $8 and reiterates a Buy rating on the shares. With Ramaco "returning to growth mode," the company laid out a path to achieving its longer-term goal of 4.0-4.5M tons of annual production in the coming years, Pipes tells investors in a research note.
Ramaco Resources assumed with a Buy at Benchmark » 06:3202/2202/22/21
Benchmark analyst Nathan…
Benchmark analyst Nathan Martin assumed coverage of Ramaco Resources with a Buy rating and $6 price target.
Ramaco Resources reports Q4 EPS (11c), consensus (4c) » 16:0802/1802/18/21
Reports Q4 revenue…
Reports Q4 revenue $51.1M, consensus $46.74M.
Ramaco Resources participates in a conference call with Benchmark » 04:5502/1802/18/21
Coal & Railroads…
Coal & Railroads Analyst Martin holds a conference call with management on February 18 hosted by Benchmark.
Ramaco Resources names Jason Fannin as chief commercial officer » 12:5202/1602/16/21
Ramaco Resources announced that its Board of Directors accepted the resignation of Tyler Reeder as a Director and the appointment of Jennifer Gray as a new independent director. Both Reeder and Gray are currently Managing Directors of Energy Capital Partners, a major shareholder in the company. The company also announced that it had appointed Jason T. Fannin to the additional title of Chief Commercial Officer. He also serves in the role of Senior Vice President Chief Marketing Officer.