ROMACO RESOURCS Forecasted to Earn FY2017 Earnings of $0.29 Per Share (METC)

ROMACO RESOURCS (NASDAQ:METC) – Research analysts at Jefferies Group dropped their FY2017 EPS estimates for shares of ROMACO RESOURCS in a research report issued on Wednesday. Jefferies Group analyst C. Lafemina now expects that the energy company will post earnings per share of $0.29 for the year, down from their prior forecast of $0.30. Jefferies Group has a “Buy” rating and a $15.00 price target on the stock.

ROMACO RESOURCS (NASDAQ:METC) last released its earnings results on Wednesday, May 10th. The energy company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.11. The firm had revenue of $11.54 million during the quarter, compared to the consensus estimate of $8.50 million.

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Other analysts have also issued research reports about the company. BMO Capital Markets reissued a “buy” rating and set a $15.00 price objective on shares of ROMACO RESOURCS in a report on Friday, March 31st. Zacks Investment Research raised ROMACO RESOURCS from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. ROMACO RESOURCS presently has an average rating of “Buy” and a consensus target price of $15.40.

ROMACO RESOURCS (METC) traded up 0.64% during trading on Thursday, hitting $6.28. The stock had a trading volume of 1,913 shares. ROMACO RESOURCS has a 52 week low of $5.01 and a 52 week high of $14.78. The firm’s market cap is $244.92 million. The company’s 50-day moving average is $5.93 and its 200 day moving average is $8.33.

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of ROMACO RESOURCS during the first quarter valued at $105,000. Marshall Wace North America L.P. bought a new stake in shares of ROMACO RESOURCS during the first quarter valued at approximately $124,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of ROMACO RESOURCS during the first quarter valued at approximately $124,000. Laurion Capital Management LP bought a new stake in shares of ROMACO RESOURCS during the first quarter valued at approximately $145,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of ROMACO RESOURCS during the first quarter valued at approximately $271,000. 77.42% of the stock is currently owned by institutional investors.

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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