ROMACO RESOURCS (NASDAQ:METC) has earned an average rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.40.
A number of research firms recently issued reports on METC. Zacks Investment Research upgraded shares of ROMACO RESOURCS from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Jefferies Group LLC restated a “buy” rating and set a $15.00 price objective (down previously from $16.00) on shares of ROMACO RESOURCS in a report on Wednesday, May 17th.
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Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in ROMACO RESOURCS during the first quarter worth about $105,000. Marshall Wace North America L.P. bought a new stake in ROMACO RESOURCS during the first quarter worth about $124,000. MARSHALL WACE ASIA Ltd bought a new stake in ROMACO RESOURCS during the first quarter worth about $124,000. Laurion Capital Management LP acquired a new position in ROMACO RESOURCS during the first quarter valued at $145,000. Finally, Neuberger Berman Group LLC acquired a new position in ROMACO RESOURCS during the first quarter valued at $271,000. Institutional investors and hedge funds own 77.44% of the company’s stock.
ROMACO RESOURCS (NASDAQ:METC) last announced its earnings results on Wednesday, May 10th. The energy company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.11. The firm had revenue of $11.54 million for the quarter, compared to the consensus estimate of $8.50 million. Equities research analysts anticipate that ROMACO RESOURCS will post $0.31 earnings per share for the current year.
ROMACO RESOURCS Company Profile
Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.
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