Romaco Resourcs (METC) Expected to Announce Earnings of $0.22 Per Share

Equities analysts expect Romaco Resourcs (NASDAQ:METC) to report $0.22 earnings per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Romaco Resourcs’ earnings. The company is scheduled to report its next earnings report on Tuesday, March 27th.

On average, analysts expect that Romaco Resourcs will report full year earnings of ($0.17) per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.93 per share, with EPS estimates ranging from $0.85 to $1.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Romaco Resourcs.

Romaco Resourcs (NASDAQ:METC) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.21). The business had revenue of $14.41 million for the quarter. Romaco Resourcs had a negative return on equity of 16.08% and a negative net margin of 35.22%.

A number of research firms have commented on METC. Zacks Investment Research raised shares of Romaco Resourcs from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets cut their price objective on shares of Romaco Resourcs from $11.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, ValuEngine downgraded Romaco Resourcs from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.80.

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In related news, Director Bruce E. Cryder bought 5,868 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $4.27 per share, with a total value of $25,056.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mark Allen Clemens bought 15,000 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $4.26 per share, for a total transaction of $63,900.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 45,868 shares of company stock valued at $187,956.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC purchased a new stake in Romaco Resourcs during the 1st quarter valued at $5,335,000. Foundry Partners LLC bought a new position in Romaco Resourcs in the 2nd quarter worth $2,116,000. TIAA CREF Investment Management LLC bought a new position in Romaco Resourcs in the 1st quarter worth $2,282,000. Vanguard Group Inc. raised its holdings in Romaco Resourcs by 91.3% in the 2nd quarter. Vanguard Group Inc. now owns 207,800 shares of the energy company’s stock worth $1,258,000 after purchasing an additional 99,188 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in Romaco Resourcs by 15.8% during the third quarter. Alyeska Investment Group L.P. now owns 550,000 shares of the energy company’s stock valued at $3,647,000 after acquiring an additional 75,000 shares during the period. 76.61% of the stock is owned by institutional investors and hedge funds.

Shares of Romaco Resourcs (NASDAQ METC) opened at $4.15 on Wednesday. Romaco Resourcs has a twelve month low of $3.81 and a twelve month high of $14.78.

About Romaco Resourcs

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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Earnings History and Estimates for Romaco Resourcs (NASDAQ:METC)

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