Brokerages forecast that Rosehill Resources Inc (NASDAQ:ROSE) will announce $25.05 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Rosehill Resources’ earnings. The lowest sales estimate is $24.00 million and the highest is $26.10 million. The company is scheduled to announce its next quarterly earnings report on Monday, March 19th.
According to Zacks, analysts expect that Rosehill Resources will report full-year sales of $25.05 million for the current financial year, with estimates ranging from $53.90 million to $73.50 million. For the next fiscal year, analysts expect that the company will post sales of $245.40 million per share, with estimates ranging from $238.40 million to $252.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Rosehill Resources.
ROSE has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Rosehill Resources in a research report on Monday, February 5th. They set a “buy” rating and a $9.50 price objective for the company. ValuEngine downgraded shares of Rosehill Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Eurobank EFG initiated coverage on shares of Rosehill Resources in a research report on Tuesday, March 6th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Northland Securities initiated coverage on shares of Rosehill Resources in a research report on Wednesday, January 17th. They set an “outperform” rating and a $14.00 price objective for the company.
Shares of Rosehill Resources (NASDAQ ROSE) traded up $0.03 during trading hours on Monday, hitting $6.39. 45,001 shares of the stock traded hands, compared to its average volume of 32,202. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.99. Rosehill Resources has a twelve month low of $5.52 and a twelve month high of $11.69.
In other Rosehill Resources news, Director Harry Quarls bought 5,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average cost of $8.49 per share, with a total value of $42,450.00. Following the acquisition, the director now directly owns 25,109 shares of the company’s stock, valued at approximately $213,175.41. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Geode Capital Master Fund Ltd. sold 11,400 shares of Rosehill Resources stock in a transaction on Monday, March 12th. The shares were sold at an average price of $6.08, for a total transaction of $69,312.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 11,180 shares of company stock worth $87,407 and sold 124,891 shares worth $942,596. Insiders own 1.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of Rosehill Resources in the 4th quarter valued at $406,000. BlackRock Inc. increased its holdings in shares of Rosehill Resources by 12.6% in the 4th 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. Finally, Wells Fargo & Company MN increased its holdings in shares of Rosehill Resources by 10.2% in the 4th 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. 5.87% of the stock is currently owned by institutional investors and hedge funds.
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Rosehill Resources Company Profile
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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