ROMACO RESOURCS (METC) Upgraded by Zacks Investment Research to “Hold”

ROMACO RESOURCS (NASDAQ:METC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, October 18th.

According to Zacks, “Ramaco Resources, Inc. is an operator and developer of high-quality, low cost metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Ramaco Resources, Inc. is headquartered in Lexington, Kentucky. “

Several other analysts have also recently weighed in on METC. BMO Capital Markets set a $11.00 price objective on shares of ROMACO RESOURCS and gave the stock a “buy” rating in a research note on Monday, August 14th. ValuEngine cut shares of ROMACO RESOURCS from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.60.

ROMACO RESOURCS (NASDAQ METC) traded down 1.50% during midday trading on Wednesday, hitting $5.92. The company had a trading volume of 105,743 shares. The stock’s market cap is $233.89 million. The company’s 50 day moving average is $6.70 and its 200 day moving average is $6.68. ROMACO RESOURCS has a 12-month low of $5.01 and a 12-month high of $13.64.

ROMACO RESOURCS (NASDAQ:METC) last posted its earnings results on Monday, August 14th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The firm had revenue of $11.07 million for the quarter, compared to the consensus estimate of $17.60 million. On average, equities analysts anticipate that ROMACO RESOURCS will post $0.10 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/28/romaco-resourcs-metc-upgraded-to-hold-at-zacks-investment-research.html.

In other news, insider Michael Dale Bauersachs bought 14,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $6.98 per share, with a total value of $97,720.00. Following the acquisition, the insider now directly owns 1,834,804 shares in the company, valued at $12,806,931.92. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Several institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC bought a new stake in shares of ROMACO RESOURCS during the 1st quarter valued at approximately $5,335,000. Wellington Management Group LLP bought a new stake in shares of ROMACO RESOURCS during the 1st quarter valued at approximately $4,942,000. Foundry Partners LLC bought a new stake in shares of ROMACO RESOURCS during the 2nd quarter valued at approximately $2,116,000. TIAA CREF Investment Management LLC bought a new stake in shares of ROMACO RESOURCS during the 1st quarter valued at approximately $2,282,000. Finally, Vanguard Group Inc. grew its holdings in shares of ROMACO RESOURCS by 91.3% during the 2nd quarter. Vanguard Group Inc. now owns 207,800 shares of the energy company’s stock valued at $1,258,000 after purchasing an additional 99,188 shares during the last quarter. 76.76% of the stock is currently owned by institutional investors.

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.

Get a free copy of the Zacks research report on ROMACO RESOURCS (METC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for ROMACO RESOURCS (NASDAQ:METC)

Receive News & Ratings for ROMACO RESOURCS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ROMACO RESOURCS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply