Investment analysts at B. Riley initiated coverage on shares of Rosehill Resources (NASDAQ:ROSE) in a research note issued to investors on Monday, February 5th, MarketBeat Ratings reports. The firm set a “buy” rating and a $9.50 price target on the stock. B. Riley’s price target indicates a potential upside of 28.38% from the company’s current price. B. Riley also issued estimates for Rosehill Resources’ Q4 2017 earnings at $0.06 EPS, FY2017 earnings at ($0.18) EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.60 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.92 EPS and FY2019 earnings at $3.07 EPS.
Several other equities analysts also recently commented on the stock. ValuEngine upgraded shares of Rosehill Resources from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Northland Securities started coverage on shares of Rosehill Resources in a report on Wednesday, January 17th. They issued an “outperform” rating and a $14.00 price objective on the stock.
Rosehill Resources (ROSE) opened at $7.40 on Monday. Rosehill Resources has a fifty-two week low of $5.52 and a fifty-two week high of $11.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.30 and a quick ratio of 0.29.
Rosehill Resources (NASDAQ:ROSE) last issued its earnings results on Monday, November 13th. The company reported $0.13 earnings per share for the quarter. equities analysts expect that Rosehill Resources will post 0.22 earnings per share for the current year.
In other Rosehill Resources news, major shareholder Geode Capital Master Fund Ltd. sold 5,158 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $9.61, for a total value of $49,568.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harry Quarls bought 3,961 shares of Rosehill Resources stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $9.02 per share, with a total value of $35,728.22. Following the transaction, the director now owns 19,011 shares of the company’s stock, valued at approximately $171,479.22. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 17,398 shares of company stock worth $143,517 and sold 115,713 shares worth $989,573.
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Rosehill Resources by 12.6% in the fourth quarter. BlackRock Inc. now owns 131,055 shares of the company’s stock valued at $1,031,000 after acquiring an additional 14,619 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Rosehill Resources in the third quarter valued at about $1,140,000. Finally, Wells Fargo & Company MN boosted its position in shares of Rosehill Resources by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 147,808 shares of the company’s stock valued at $1,162,000 after acquiring an additional 13,633 shares during the period. 5.70% of the stock is owned by institutional investors.
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About Rosehill Resources
Rosehill Resources Inc, formerly KLR Energy Acquisition Corp., is an oil and gas exploration company. The Company is focused on the Delaware Basin portion of the Permian Basin. It has nearly 5,000 net acres with approximately 80% held by production and drilling locations. Its drilling locations are located across ten distinct benches.
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