Romaco Resourcs (NASDAQ:METC) had its target price cut by BMO Capital Markets from $11.00 to $7.00 in a report published on Friday morning. They currently have an outperform rating on the energy company’s stock.

Several other research analysts also recently commented on the company. ValuEngine downgraded Romaco Resourcs from a hold rating to a sell rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded Romaco Resourcs from a sell rating to a hold rating in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $13.80.

Romaco Resourcs (METC) traded up $0.01 during trading hours on Friday, hitting $4.30. The company’s stock had a trading volume of 568,600 shares, compared to its average volume of 182,131. Romaco Resourcs has a 52-week low of $4.01 and a 52-week high of $14.78.

Romaco Resourcs (NASDAQ:METC) last posted its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.21). The company had revenue of $14.41 million for the quarter. Romaco Resourcs had a negative return on equity of 12.88% and a negative net margin of 35.22%. sell-side analysts forecast that Romaco Resourcs will post 0.18 earnings per share for the current fiscal year.

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In other Romaco Resourcs news, insider Michael Dale Bauersachs purchased 14,000 shares of the stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $6.98 per share, with a total value of $97,720.00. Following the acquisition, the insider now owns 1,834,804 shares of the company’s stock, valued at $12,806,931.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC bought a new stake in shares of Romaco Resourcs in the 1st quarter valued at about $5,335,000. Foundry Partners LLC grew its position in shares of Romaco Resourcs by 7.5% in the 3rd quarter. Foundry Partners LLC now owns 375,925 shares of the energy company’s stock valued at $2,492,000 after buying an additional 26,200 shares during the last quarter. TIAA CREF Investment Management LLC bought a new stake in shares of Romaco Resourcs in the 1st quarter valued at about $2,282,000. Vanguard Group Inc. grew its position in shares of Romaco Resourcs by 91.3% in the 2nd quarter. Vanguard Group Inc. now owns 207,800 shares of the energy company’s stock valued at $1,258,000 after buying an additional 99,188 shares during the last quarter. Finally, GLG Partners LP grew its position in shares of Romaco Resourcs by 73.2% in the 2nd quarter. GLG Partners LP now owns 87,327 shares of the energy company’s stock valued at $528,000 after buying an additional 36,899 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

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.

Analyst Recommendations for Romaco Resourcs (NASDAQ:METC)

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