ROMACO RESOURCS (NASDAQ:METC) is set to announce its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

ROMACO RESOURCS (NASDAQ:METC) last announced its quarterly earnings data on Monday, August 14th. The energy company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.14). The company had revenue of $11.07 million for the quarter, compared to analysts’ expectations of $17.60 million. On average, analysts expect ROMACO RESOURCS to post $0.18 EPS for the current fiscal year and $1.38 EPS for the next fiscal year.

Shares of ROMACO RESOURCS (METC) opened at 5.81 on Wednesday. ROMACO RESOURCS has a 52 week low of $5.01 and a 52 week high of $14.78. The firm’s market cap is $229.55 million. The company has a 50 day moving average of $6.52 and a 200 day moving average of $6.60.

A number of equities research analysts have weighed in on METC shares. BMO Capital Markets set a $11.00 price target on shares of ROMACO RESOURCS and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research raised shares of ROMACO RESOURCS from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, ValuEngine downgraded shares of ROMACO RESOURCS from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. ROMACO RESOURCS currently has a consensus rating of “Buy” and an average target price of $14.60.

In other ROMACO RESOURCS news, insider Michael Dale Bauersachs purchased 14,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of hedge funds and other institutional investors have recently modified their holdings of METC. Northern Trust Corp lifted its holdings in ROMACO RESOURCS by 55.7% in the 2nd quarter. Northern Trust Corp now owns 32,804 shares of the energy company’s stock valued at $198,000 after acquiring an additional 11,731 shares during the last quarter. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 99,188 shares during the last quarter. Finally, State Street Corp lifted its holdings in ROMACO RESOURCS by 89.0% in the 2nd quarter. State Street Corp now owns 61,626 shares of the energy company’s stock valued at $373,000 after acquiring an additional 29,026 shares during the last quarter. 76.74% of the stock is owned by institutional investors.

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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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