Royalty Management (NASDAQ:RMCO) Upgraded to Hold at Zacks Research

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

Separately, Weiss Ratings raised shares of Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Royalty Management Price Performance

RMCO opened at $3.04 on Tuesday. The stock has a fifty day simple moving average of $2.57 and a two-hundred day simple moving average of $2.92. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.02. The company has a market cap of $46.13 million, a price-to-earnings ratio of -50.67 and a beta of -0.05. Royalty Management has a 12-month low of $1.74 and a 12-month high of $5.00.

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

Hedge Funds Weigh In On Royalty Management

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL acquired a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned about 0.18% of Royalty Management as of its most recent filing with the SEC. 67.15% of the stock is owned by institutional investors.

Royalty Management Company Profile

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.