ROMACO RESOURCS’s (METC) Lock-Up Period Will End on August 2nd

ROMACO RESOURCS’s (NASDAQ:METC) lock-up period will end on Wednesday, August 2nd. ROMACO RESOURCS had issued 6,000,000 shares in its initial public offering on February 3rd. The total size of the offering was $81,000,000 based on an initial share price of $13.50. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets set a $11.00 target price on shares of ROMACO RESOURCS and gave the stock a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of ROMACO RESOURCS from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $15.00 price target (down previously from $16.00) on shares of ROMACO RESOURCS in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.60.

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ROMACO RESOURCS (NASDAQ:METC) opened at 7.02 on Friday. The firm has a 50-day moving average of $6.65 and a 200 day moving average of $7.90. The stock’s market capitalization is $274.22 million. ROMACO RESOURCS has a 52 week low of $5.01 and a 52 week high of $14.78.

ROMACO RESOURCS (NASDAQ:METC) last released its earnings results on Monday, August 14th. The energy company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.14. The firm had revenue of $11.07 million during the quarter, compared to the consensus estimate of $17.60 million. On average, analysts anticipate that ROMACO RESOURCS will post $0.16 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of ROMACO RESOURCS during the first quarter worth approximately $105,000. Williams Jones & Associates LLC boosted its stake in shares of ROMACO RESOURCS by 22.8% in the second quarter. Williams Jones & Associates LLC now owns 18,050 shares of the energy company’s stock worth $109,000 after buying an additional 3,350 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of ROMACO RESOURCS during the first quarter worth approximately $124,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of ROMACO RESOURCS during the first quarter worth approximately $124,000. Finally, Laurion Capital Management LP bought a new stake in shares of ROMACO RESOURCS during the first quarter worth approximately $145,000. 78.25% of the stock is owned by institutional investors and hedge funds.

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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