ROMACO RESOURCS (NASDAQ:METC) – Investment analysts at Jefferies Group decreased their FY2018 earnings per share estimates for shares of ROMACO RESOURCS in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the energy company will earn $1.51 per share for the year, down from their previous estimate of $1.60. Jefferies Group has a “Buy” rating and a $15.00 price target on the stock. Jefferies Group also issued estimates for ROMACO RESOURCS’s FY2019 earnings at $1.54 EPS and FY2020 earnings at $1.76 EPS.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded ROMACO RESOURCS from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. BMO Capital Markets set a $11.00 target price on ROMACO RESOURCS and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with 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 $14.60.

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Shares of ROMACO RESOURCS (NASDAQ:METC) traded up 0.57% on Friday, reaching $7.05. The company had a trading volume of 47,774 shares. ROMACO RESOURCS has a 52 week low of $5.01 and a 52 week high of $14.78. The company has a 50 day moving average of $6.62 and a 200-day moving average of $7.91. The company’s market capitalization is $275.39 million.

ROMACO RESOURCS (NASDAQ:METC) last announced its earnings results 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 company had revenue of $11.07 million during the quarter, compared to the consensus estimate of $17.60 million.

Hedge funds have recently bought and sold shares of the stock. Yorktown Energy Partners IX L.P. purchased a new stake in ROMACO RESOURCS during the first quarter valued at $142,841,000. Yorktown Energy Partners XI L.P. purchased a new stake in ROMACO RESOURCS during the first quarter valued at $54,028,000. Yorktown Energy Partners X L.P. purchased a new stake in ROMACO RESOURCS during the first quarter valued at $35,710,000. Teachers Advisors LLC purchased a new stake in ROMACO RESOURCS during the first quarter valued at $5,335,000. Finally, Wellington Management Group LLP purchased a new stake in ROMACO RESOURCS during the first quarter valued at $4,942,000. 78.25% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for ROMACO RESOURCS (NASDAQ:METC)

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