Brokerages Anticipate Romaco Resourcs (METC) to Announce $0.05 Earnings Per Share
Equities research analysts forecast that Romaco Resourcs (NASDAQ:METC) will post $0.05 earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Romaco Resourcs’ earnings. The firm is scheduled to issue its next earnings report on Monday, November 13th.
On average, analysts expect that Romaco Resourcs will report full year earnings of $0.17 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $1.40 per share, with EPS estimates ranging from $1.28 to $1.51. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Romaco Resourcs.
Romaco Resourcs (NASDAQ:METC) last issued its quarterly earnings data on Monday, August 14th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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.
METC has been the subject of several analyst reports. Zacks Investment Research upgraded Romaco Resourcs from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets set a $11.00 target price on Romaco Resourcs and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, ValuEngine lowered Romaco Resourcs from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Romaco Resourcs presently has a consensus rating of “Buy” and an average price target of $14.60.
In other Romaco Resourcs news, insider Michael Dale Bauersachs purchased 14,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $6.98 per share, with a total value of $97,720.00. Following the transaction, the insider now directly owns 1,834,804 shares in the company, valued at approximately $12,806,931.92. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Williams Jones & Associates LLC increased its position in Romaco Resourcs by 22.8% in the 2nd quarter. Williams Jones & Associates LLC now owns 18,050 shares of the energy company’s stock worth $109,000 after buying an additional 3,350 shares during the period. Bank of New York Mellon Corp bought a new position in Romaco Resourcs in the 1st quarter worth approximately $105,000. Northern Trust Corp increased its position in Romaco Resourcs by 55.7% in the 2nd quarter. Northern Trust Corp now owns 32,804 shares of the energy company’s stock worth $198,000 after buying an additional 11,731 shares during the period. Marshall Wace North America L.P. bought a new position in Romaco Resourcs in the 1st quarter worth approximately $124,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in Romaco Resourcs in the 1st quarter worth approximately $124,000. 76.75% of the stock is currently owned by institutional investors.
Shares of Romaco Resourcs (NASDAQ METC) traded down 1.63% during mid-day trading on Monday, reaching $6.63. 181,946 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $7.00 and a 200-day moving average price of $7.00. Romaco Resourcs has a 1-year low of $6.43 and a 1-year high of $13.64. The company’s market capitalization is $261.94 million.
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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