Romaco Resourcs (NASDAQ:METC) will release its earnings data after the market closes on Wednesday, November 8th. Analysts expect Romaco Resourcs to post earnings of $0.05 per share for the quarter.

Romaco Resourcs (NASDAQ:METC) last posted its quarterly earnings data on Monday, August 14th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.14). The firm had revenue of $11.07 million for the quarter, compared to analyst estimates of $17.60 million. On average, analysts expect Romaco Resourcs to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Romaco Resourcs (NASDAQ:METC) traded down $0.04 during trading on Monday, hitting $6.05. 10,378 shares of the stock traded hands, compared to its average volume of 83,669. Romaco Resourcs has a twelve month low of $5.01 and a twelve month high of $14.78.

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Several equities research analysts recently commented on the company. Zacks Investment Research raised Romaco Resourcs from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. ValuEngine cut Romaco Resourcs from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Finally, BMO Capital Markets set a $11.00 price target on Romaco Resourcs and gave the company a “buy” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Romaco Resourcs currently has an average rating of “Buy” and a consensus target price of $14.60.

In other Romaco Resourcs news, insider Michael Dale Bauersachs bought 14,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was bought at an average price of $6.98 per share, with a total value of $97,720.00. Following the completion of the purchase, the insider now directly owns 1,834,804 shares in the company, valued at $12,806,931.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors and hedge funds have recently added to or reduced their stakes in METC. Vanguard Group Inc. boosted its position in shares of Romaco Resourcs by 91.3% during the second quarter. Vanguard Group Inc. now owns 207,800 shares of the energy company’s stock worth $1,258,000 after buying an additional 99,188 shares during the period. State Street Corp boosted its holdings in Romaco Resourcs by 89.0% in the second 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 period. Finally, Northern Trust Corp boosted its holdings in Romaco Resourcs by 55.7% in the second 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 period. Institutional investors and hedge funds own 76.80% of the company’s stock.

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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