Wells Fargo & Company MN Acquires New Stake in Romaco Resourcs (METC)

Wells Fargo & Company MN bought a new stake in shares of Romaco Resourcs (NASDAQ:METC) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 162,935 shares of the energy company’s stock, valued at approximately $1,576,000. Wells Fargo & Company MN owned about 0.42% of Romaco Resourcs at the end of the most recent quarter.

Romaco Resourcs (NASDAQ METC) traded up 3.64% during trading on Monday, hitting $6.55. 170,637 shares of the company’s stock traded hands. The stock’s market cap is $255.45 million. The firm’s 50-day moving average price is $5.93 and its 200 day moving average price is $8.33. Romaco Resourcs has a 12-month low of $5.01 and a 12-month high of $14.78.

Romaco Resourcs (NASDAQ:METC) last posted its quarterly earnings results on Wednesday, May 10th. The energy company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.11. The business had revenue of $11.54 million for the quarter, compared to the consensus estimate of $8.50 million. Analysts anticipate that Romaco Resourcs will post $0.30 earnings per share for the current fiscal year.

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Several analysts recently weighed in on METC shares. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 target price (down previously from $16.00) on shares of Romaco Resourcs in a report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Romaco Resourcs from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $15.00 target price on shares of Romaco Resourcs in a report on Friday, March 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Romaco Resourcs currently has a consensus rating of “Buy” and a consensus price target of $15.40.

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.

Institutional Ownership by Quarter for Romaco Resourcs (NASDAQ:METC)

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