Royalty Management (NASDAQ:RMCO) Stock Rating Upgraded by Zacks Research

Royalty Management (NASDAQ:RMCO) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings raised Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Royalty Management Trading Up 0.3%

NASDAQ:RMCO opened at $3.04 on Tuesday. The firm has a market capitalization of $46.13 million, a P/E ratio of -50.67 and a beta of -0.05. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $2.57 and a 200 day moving average of $2.92. Royalty Management has a 52 week low of $1.74 and a 52 week high of $5.00.

Royalty Management (NASDAQ:RMCO) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $1.83 million during the quarter, compared to the consensus estimate of $1.83 million. Royalty Management had a negative return on equity of 7.93% and a negative net margin of 14.53%. On average, research analysts predict that Royalty Management will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL purchased a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management at the end of the most recent reporting period. 67.15% of the stock is currently owned by institutional investors.

About Royalty Management

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.