Equities research analysts at Ifs Securities began coverage on shares of Rosehill Resources (NASDAQ:ROSE) in a note issued to investors on Monday, October 29th, The Fly reports. The firm set an “outperform” rating on the stock.
A number of other equities research analysts also recently commented on ROSE. Zacks Investment Research raised Rosehill Resources from a “sell” rating to a “hold” rating and set a $6.00 target price for the company in a report on Wednesday, October 24th. ValuEngine raised Rosehill Resources from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Seaport Global Securities began coverage on Rosehill Resources in a research report on Thursday, September 20th. They issued a “buy” rating and a $12.00 price target for the company. Stifel Nicolaus began coverage on Rosehill Resources in a research report on Thursday, August 23rd. They issued a “buy” rating and a $14.00 price target for the company. Finally, TheStreet cut Rosehill Resources from a “c-” rating to a “d+” rating in a research report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Rosehill Resources presently has a consensus rating of “Buy” and an average target price of $11.07.
Shares of NASDAQ ROSE traded up $0.20 during mid-day trading on Monday, hitting $4.18. 43,325 shares of the company were exchanged, compared to its average volume of 115,583. Rosehill Resources has a 1-year low of $3.88 and a 1-year high of $9.44. The company has a debt-to-equity ratio of 7.83, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $173.28 million, a PE ratio of -26.13 and a beta of 1.41.
Rosehill Resources (NASDAQ:ROSE) last released its earnings results on Friday, November 9th. The company reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $5.31. Rosehill Resources had a positive return on equity of 713.01% and a negative net margin of 0.02%. The company had revenue of $82.56 million during the quarter, compared to the consensus estimate of $77.78 million. Analysts anticipate that Rosehill Resources will post -0.03 earnings per share for the current fiscal year.
In related news, Director Harry Quarls acquired 21,822 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was purchased at an average price of $6.11 per share, for a total transaction of $133,332.42. Following the transaction, the director now owns 69,667 shares in the company, valued at approximately $425,665.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Principal Fund L.P. K2 sold 11,826 shares of Rosehill Resources stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $8.29, for a total value of $98,037.54. Following the sale, the insider now owns 252,435 shares of the company’s stock, valued at approximately $2,092,686.15. The disclosure for this sale can be found here. In the last 90 days, insiders bought 67,200 shares of company stock valued at $359,755 and sold 80,373 shares valued at $673,233. Company insiders own 60.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of ROSE. Wells Fargo & Company MN increased its position in Rosehill Resources by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock worth $913,000 after purchasing an additional 7,738 shares in the last quarter. Millennium Management LLC increased its position in Rosehill Resources by 61.4% during the 1st quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock worth $109,000 after purchasing an additional 7,075 shares in the last quarter. Quantum Capital Management increased its position in Rosehill Resources by 19.4% during the 2nd quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock worth $2,080,000 after purchasing an additional 41,672 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Rosehill Resources by 287.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 508,303 shares of the company’s stock valued at $3,101,000 after buying an additional 377,066 shares during the period. Finally, Monashee Investment Management LLC purchased a new stake in Rosehill Resources in the 3rd quarter valued at about $519,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.
About Rosehill Resources
Rosehill Resources Inc, an independent oil and natural gas company, focuses on the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. As of December 31, 2017, its portfolio included 39 gross operated producing horizontal wells and 3 gross operated horizontal wells in the Northern Delaware Basin; and working interests in approximately 14,762 gross acres in the Northern and Southern Delaware Basin with an inventory of 530 gross operated and non-operated potential horizontal drilling locations.
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