Romaco Resourcs (METC) Scheduled to Post Earnings on Monday
Romaco Resourcs (NASDAQ:METC) is scheduled to be releasing its earnings data after the market closes on Monday, August 14th. Analysts expect Romaco Resourcs to post earnings of $0.05 per share for the quarter.
Romaco Resourcs (NASDAQ:METC) last posted its quarterly earnings results on Wednesday, May 10th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.11. The company had revenue of $11.54 million for the quarter, compared to analyst estimates of $8.50 million. On average, analysts expect Romaco Resourcs to post $0.44 EPS for the current fiscal year and $1.78 EPS for the next fiscal year.
Shares of Romaco Resourcs (NASDAQ METC) opened at 7.10 on Monday. The company has a 50-day moving average of $6.04 and a 200 day moving average of $7.99. The firm’s market cap is $277.34 million. Romaco Resourcs has a 52-week low of $5.01 and a 52-week high of $14.78.
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METC has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Romaco Resourcs in a report on Wednesday, May 17th. Zacks Investment Research downgraded Romaco Resourcs from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.40.
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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