Somewhat Positive Media Coverage Somewhat Unlikely to Affect Romaco Resourcs (METC) Stock Price

News coverage about Romaco Resourcs (NASDAQ:METC) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Romaco Resourcs earned a news impact score of 0.22 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.7712421009938 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

METC has been the topic of a number of research reports. BMO Capital Markets set a $11.00 price target on Romaco Resourcs and gave the stock a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Romaco Resourcs from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine downgraded Romaco Resourcs from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Romaco Resourcs currently has a consensus rating of “Buy” and an average target price of $14.60.

Romaco Resourcs (NASDAQ:METC) traded down 1.40% during trading on Thursday, hitting $6.34. The stock had a trading volume of 50,160 shares. The firm’s market cap is $250.49 million. Romaco Resourcs has a 52-week low of $5.01 and a 52-week high of $14.78. The company’s 50 day moving average is $6.80 and its 200 day moving average is $6.80.

Romaco Resourcs (NASDAQ:METC) last released its earnings results 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 company had revenue of $11.07 million during the quarter, compared to analysts’ expectations of $17.60 million. Equities research analysts forecast that Romaco Resourcs will post $0.10 earnings per share for the current year.

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

COPYRIGHT VIOLATION WARNING: “Somewhat Positive Media Coverage Somewhat Unlikely to Affect Romaco Resourcs (METC) Stock Price” was reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.thestockobserver.com/2017/10/12/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-romaco-resourcs-metc-stock-price.html.

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.

Insider Buying and Selling by Quarter for Romaco Resourcs (NASDAQ:METC)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply