Romaco Resourcs (NASDAQ:METC) insider Michael Dale Bauersachs bought 25,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $3.96 per share, for a total transaction of $99,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Dale Bauersachs also recently made the following trade(s):

  • On Friday, August 18th, Michael Dale Bauersachs purchased 14,000 shares of Romaco Resourcs stock. The stock was bought at an average price of $6.98 per share, for a total transaction of $97,720.00.

Shares of Romaco Resourcs (METC) traded up $0.12 during trading on Thursday, hitting $4.11. 228,656 shares of the stock traded hands, compared to its average volume of 184,046. Romaco Resourcs has a 1-year low of $3.81 and a 1-year high of $14.78.

Romaco Resourcs (NASDAQ:METC) last announced its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.21). Romaco Resourcs had a negative net margin of 35.22% and a negative return on equity of 16.08%. The firm had revenue of $14.41 million for the quarter.

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Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new position in Romaco Resourcs during the 1st quarter valued at about $105,000. Williams Jones & Associates LLC lifted its holdings in Romaco Resourcs by 22.8% during the 2nd quarter. Williams Jones & Associates LLC now owns 18,050 shares of the energy company’s stock valued at $109,000 after purchasing an additional 3,350 shares during the last quarter. Northern Trust Corp lifted its holdings in Romaco Resourcs by 55.7% during the 2nd quarter. Northern Trust Corp now owns 32,804 shares of the energy company’s stock valued at $198,000 after purchasing an additional 11,731 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Romaco Resourcs during the 1st quarter valued at about $414,000. Finally, State Street Corp lifted its holdings in Romaco Resourcs by 89.0% during the 2nd quarter. State Street Corp now owns 61,626 shares of the energy company’s stock valued at $373,000 after purchasing an additional 29,026 shares during the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Romaco Resourcs from a “hold” rating to a “strong sell” rating in a research report on Wednesday. BMO Capital Markets decreased their price target on shares of Romaco Resourcs from $11.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, ValuEngine lowered shares of Romaco Resourcs from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.80.

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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