Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Romaco Resourcs (METC) Share Price
News stories about Romaco Resourcs (NASDAQ:METC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Romaco Resourcs earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the energy company an impact score of 46.8902429372902 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Romaco Resourcs (NASDAQ:METC) traded down 0.89% during mid-day trading on Thursday, hitting $7.77. 123,048 shares of the stock were exchanged. The stock’s market cap is $306.98 million. Romaco Resourcs has a 52-week low of $5.01 and a 52-week high of $14.78. The stock has a 50 day moving average of $6.86 and a 200-day moving average of $7.85.
Romaco Resourcs (NASDAQ:METC) last released its quarterly earnings data on Monday, August 14th. The energy company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.14. The company had revenue of $11.07 million during the quarter, compared to analysts’ expectations of $17.60 million. Equities analysts predict that Romaco Resourcs will post $0.10 EPS for the current fiscal year.
Several research analysts have commented on METC shares. Zacks Investment Research upgraded shares of Romaco Resourcs from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $11.00 price objective on shares of Romaco Resourcs and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $15.00 price objective (down from $16.00) on shares of Romaco Resourcs in a report on Wednesday, May 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $14.60.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Romaco Resourcs (METC) Share Price” was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-romaco-resourcs-metc-share-price/1534881.html.
In other news, insider Michael Dale Bauersachs acquired 14,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $6.98 per share, for a total transaction of $97,720.00. Following the completion of the acquisition, the insider now directly owns 1,834,804 shares of the company’s stock, valued at approximately $12,806,931.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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.
Receive News & Ratings for Romaco Resourcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Romaco Resourcs and related companies with Analyst Ratings Network's FREE daily email newsletter.