Romaco Resourcs (METC) Earning Somewhat Positive Media Coverage, Study Finds
Headlines about Romaco Resourcs (NASDAQ:METC) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Romaco Resourcs earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 47.7834151502237 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Romaco Resourcs (NASDAQ:METC) traded up 1.05% on Tuesday, reaching $5.80. 48,380 shares of the company’s stock were exchanged. Romaco Resourcs has a 12 month low of $5.01 and a 12 month high of $14.78. The company’s market cap is $229.15 million. The firm’s 50-day moving average price is $6.56 and its 200 day moving average price is $6.60.
Romaco Resourcs (NASDAQ:METC) last posted its quarterly earnings data on Monday, August 14th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.14). The business had revenue of $11.07 million for the quarter, compared to analysts’ expectations of $17.60 million. Equities research analysts predict that Romaco Resourcs will post $0.10 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Romaco Resourcs from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. BMO Capital Markets set a $11.00 target price on shares of Romaco Resourcs and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, ValuEngine cut shares of Romaco Resourcs from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $14.60.
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In other Romaco Resourcs news, insider Michael Dale Bauersachs acquired 14,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $12,806,931.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
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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