Rosehill Resources (NASDAQ:ROSE) was downgraded by equities researchers at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research note issued on Thursday, Marketbeat reports.
ROSE has been the subject of a number of other research reports. Northland Securities reaffirmed a “buy” rating and set a $6.00 target price on shares of Rosehill Resources in a report on Sunday, September 1st. Zacks Investment Research raised shares of Rosehill Resources from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, ValuEngine raised shares of Rosehill Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.63.
ROSE traded down $0.01 during trading on Thursday, reaching $1.47. 59,424 shares of the company’s stock were exchanged, compared to its average volume of 46,008. The company’s fifty day moving average price is $1.72 and its 200-day moving average price is $2.93. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.44 and a current ratio of 0.44. Rosehill Resources has a fifty-two week low of $1.29 and a fifty-two week high of $6.04. The firm has a market capitalization of $66.39 million, a PE ratio of 7.00 and a beta of 3.66.
Rosehill Resources (NASDAQ:ROSE) last released its earnings results on Thursday, August 8th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.94). Rosehill Resources had a return on equity of 88.56% and a net margin of 7.70%. The business had revenue of $69.38 million for the quarter, compared to analyst estimates of $78.78 million. Research analysts forecast that Rosehill Resources will post -0.07 earnings per share for the current fiscal year.
In other Rosehill Resources news, Director Harry Quarls bought 25,000 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $1.49 per share, with a total value of $37,250.00. Following the acquisition, the director now owns 177,260 shares of the company’s stock, valued at $264,117.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have acquired 41,300 shares of company stock valued at $62,595 and have sold 4,781 shares valued at $9,338. 80.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ROSE. BlackRock Inc. boosted its position in shares of Rosehill Resources by 304.2% during the second quarter. BlackRock Inc. now owns 458,467 shares of the company’s stock worth $1,696,000 after purchasing an additional 345,043 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Rosehill Resources by 68.8% during the second quarter. Vanguard Group Inc. now owns 407,283 shares of the company’s stock worth $1,507,000 after purchasing an additional 166,032 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Rosehill Resources by 43.7% during the second quarter. Parametric Portfolio Associates LLC now owns 87,879 shares of the company’s stock worth $325,000 after purchasing an additional 26,704 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Rosehill Resources during the second quarter worth $94,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Rosehill Resources during the second quarter worth $81,000. 11.41% of the stock is currently owned by institutional investors.
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, 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.
Featured Story: What is a closed-end mutual fund (CEF)?
Receive News & Ratings for Rosehill Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rosehill Resources and related companies with MarketBeat.com's FREE daily email newsletter.