Royalty Management (NASDAQ:RMCO) Stock Rating Upgraded by Zacks Research

Royalty Management (NASDAQ:RMCO) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings raised shares of Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Royalty Management has a consensus rating of “Hold”.

Royalty Management Trading Up 0.3%

Shares of RMCO stock opened at $3.04 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.41 and a current ratio of 1.41. Royalty Management has a 1 year low of $1.74 and a 1 year high of $5.00. The stock has a fifty day moving average of $2.57 and a two-hundred day moving average of $2.92. The firm has a market capitalization of $46.13 million, a PE ratio of -50.67 and a beta of -0.05.

Royalty Management (NASDAQ:RMCO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $1.83 million for the quarter, compared to analyst estimates of $1.83 million. Royalty Management had a negative net margin of 14.53% and a negative return on equity of 7.93%. As a group, research analysts expect that Royalty Management will post -0.04 EPS for the current year.

Institutional Trading of Royalty Management

An institutional investor recently bought a new stake in Royalty Management stock. Blair William & Co. IL acquired a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management as of its most recent SEC filing. 67.15% of the stock is currently owned by institutional investors.

About Royalty Management

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.