Zacks Investment Research upgraded shares of ROMACO RESOURCS (NASDAQ:METC) from a sell rating to a hold rating in a report released on Tuesday morning.

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 research analysts have also recently commented on the stock. BMO Capital Markets set a $11.00 price target on shares of ROMACO RESOURCS and gave the stock a buy rating in a report on Monday, August 14th. Jefferies Group LLC reiterated a buy rating and set a $15.00 price target (down previously from $16.00) on shares of ROMACO RESOURCS in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $14.60.

ROMACO RESOURCS (METC) traded down 1.83% during trading on Tuesday, hitting $6.97. 201,467 shares of the stock were exchanged. The stock’s 50 day moving average price is $7.09 and its 200 day moving average price is $9.31. ROMACO RESOURCS has a 12 month low of $6.91 and a 12 month high of $13.64. The stock’s market cap is $275.38 million.

ROMACO RESOURCS (NASDAQ:METC) last posted its quarterly earnings results on Monday, August 14th. The energy company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). The business had revenue of $11.07 million for the quarter, compared to the consensus estimate of $17.60 million. Analysts forecast that ROMACO RESOURCS will post $0.10 EPS for the current fiscal year.

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In related news, insider Michael Dale Bauersachs bought 14,000 shares of the stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $6.98 per share, for a total transaction of $97,720.00. Following the acquisition, the insider now owns 1,834,804 shares in the company, valued at approximately $12,806,931.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge funds have recently added to or reduced their stakes in the stock. Yorktown Energy Partners IX L.P. purchased a new stake in ROMACO RESOURCS in the 1st quarter valued at $142,841,000. Highbridge Capital Management LLC purchased a new stake in ROMACO RESOURCS in the 1st quarter valued at $1,209,000. Laurion Capital Management LP purchased a new stake in ROMACO RESOURCS in the 1st quarter valued at $145,000. Citadel Advisors LLC purchased a new stake in ROMACO RESOURCS in the 1st quarter valued at $1,996,000. Finally, Yorktown Energy Partners X L.P. purchased a new stake in ROMACO RESOURCS in the 1st quarter valued at $35,710,000. Hedge funds and other institutional investors own 76.75% of the company’s stock.

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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