Romaco Resourcs (METC) Insider Michael Dale Bauersachs Acquires 25,000 Shares of Stock

Romaco Resourcs (NASDAQ:METC) insider Michael Dale Bauersachs purchased 25,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $3.96 per share, with a total value of $99,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

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

Romaco Resourcs (NASDAQ:METC) traded up $0.10 during trading on Friday, reaching $4.21. 249,553 shares of the company traded hands, compared to its average volume of 152,529. Romaco Resourcs has a twelve month low of $3.81 and a twelve month high of $14.78.

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

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Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in Romaco Resourcs in the first quarter valued at approximately $105,000. Williams Jones & Associates LLC lifted its stake in Romaco Resourcs by 22.8% in the second quarter. Williams Jones & Associates LLC now owns 18,050 shares of the energy company’s stock valued at $109,000 after buying an additional 3,350 shares in the last quarter. Northern Trust Corp lifted its stake 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 buying an additional 11,731 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Romaco Resourcs in the first quarter valued at approximately $414,000. Finally, State Street Corp lifted its stake 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 buying an additional 29,026 shares in the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Romaco Resourcs from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. BMO Capital Markets set a $11.00 price objective on shares of Romaco Resourcs and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, ValuEngine lowered shares of Romaco Resourcs from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.80.

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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