ValuEngine upgraded shares of Rosehill Resources (NASDAQ:ROSE) from a strong sell rating to a sell rating in a research report report published on Wednesday.
Other equities analysts have also issued research reports about the company. Northland Securities assumed coverage on Rosehill Resources in a research note on Wednesday, January 17th. They issued an outperform rating and a $14.00 target price on the stock. B. Riley assumed coverage on Rosehill Resources in a research note on Monday, February 5th. They issued a buy rating and a $9.50 target price on the stock. Finally, Eurobank EFG assumed coverage on Rosehill Resources in a research note on Tuesday, March 6th. They issued a buy rating and a $12.00 target price on the stock.
ROSE opened at $7.94 on Wednesday. Rosehill Resources has a 1 year low of $5.52 and a 1 year high of $11.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.29 and a current ratio of 0.30. The stock has a market capitalization of $286.07, a price-to-earnings ratio of -49.63 and a beta of 1.66.
In other news, major shareholder Geode Capital Master Fund Ltd. sold 18,200 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $6.58, for a total transaction of $119,756.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Principal Fund L.P. K2 sold 25,581 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $6.86, for a total value of $175,485.66. Following the sale, the insider now owns 435,034 shares in the company, valued at approximately $2,984,333.24. The disclosure for this sale can be found here. Insiders have sold 84,366 shares of company stock worth $567,403 in the last 90 days. Insiders own 1.40% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of Rosehill Resources during the fourth quarter worth about $406,000. BlackRock Inc. grew its stake in shares of Rosehill Resources by 12.6% during the fourth quarter. BlackRock Inc. now owns 131,055 shares of the company’s stock worth $1,031,000 after acquiring an additional 14,619 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Rosehill Resources by 10.2% during the fourth quarter. Wells Fargo & Company MN now owns 147,808 shares of the company’s stock worth $1,162,000 after acquiring an additional 13,633 shares during the last quarter. Institutional investors and hedge funds own 5.87% of the company’s stock.
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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, 2016, it operated 20 horizontal and 1 vertical wells in the Permian Basin; and 18 vertical and 21 horizontal wells in the Barnett Shale in the Fort Worth Basin.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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