Rosehill Resources Inc (NASDAQ:ROSE) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 535,500 shares, an increase of 9.0% from the May 30th total of 491,500 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average daily volume of 108,400 shares, the days-to-cover ratio is currently 4.9 days.
ROSE has been the subject of several recent research reports. Northland Securities downgraded Shotspotter from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $60.00 to $47.00 in a report on Monday. Zacks Investment Research raised Icon from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.90.
Rosehill Resources stock opened at $3.20 on Tuesday. Rosehill Resources has a one year low of $1.95 and a one year high of $9.23. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 4.21. The firm has a fifty day simple moving average of $3.29. The firm has a market capitalization of $143.66 million, a P/E ratio of 15.24 and a beta of 3.43.
Rosehill Resources (NASDAQ:ROSE) last released its earnings results on Tuesday, May 14th. The company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $3.10. Rosehill Resources had a return on equity of 171.78% and a net margin of 6.78%. The company had revenue of $71.86 million during the quarter, compared to the consensus estimate of $74.48 million. On average, equities analysts anticipate that Rosehill Resources will post 0.14 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Quantum Capital Management increased its holdings in Rosehill Resources by 2.6% during the 1st quarter. Quantum Capital Management now owns 937,661 shares of the company’s stock worth $3,188,000 after purchasing an additional 23,373 shares during the last quarter. Cubic Asset Management LLC increased its holdings in Rosehill Resources by 11.5% during the 1st quarter. Cubic Asset Management LLC now owns 117,075 shares of the company’s stock worth $398,000 after purchasing an additional 12,075 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Rosehill Resources in the 1st quarter valued at approximately $40,000. Jane Street Group LLC bought a new stake in shares of Rosehill Resources in the 4th quarter valued at approximately $34,000. Finally, Q Global Advisors LLC increased its holdings in shares of Rosehill Resources by 155.7% in the 4th quarter. Q Global Advisors LLC now owns 418,823 shares of the company’s stock valued at $934,000 after acquiring an additional 255,000 shares during the last quarter. 10.72% of the stock is owned by institutional investors.
Rosehill Resources Company Profile
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, 2018, its portfolio included 67 gross operated producing horizontal wells in the Northern Delaware Basin and 4 gross operated producing horizontal wells in the Southern Delaware Basin; and working interests in approximately 6,665 gross acres in the Northern Delaware Basin and 9,219 gross acres in the Southern Delaware Basin, as well as 513 gross operated and 53 non-operated potential horizontal drilling locations in the Northern and Southern Delaware Basin.
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