Rosehill Resources (NASDAQ:ROSE) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $11.83 for the company and are expecting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Rosehill Resources an industry rank of 91 out of 265 based on the ratings given to its competitors.
ROSE has been the topic of several recent research reports. Northland Securities initiated coverage on shares of Rosehill Resources in a research report on Wednesday, January 17th. They issued an “outperform” rating and a $14.00 price target on the stock. ValuEngine upgraded shares of Rosehill Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 18th. Eurobank EFG initiated coverage on shares of Rosehill Resources in a research report on Tuesday, March 6th. They issued a “buy” rating and a $12.00 price target on the stock. B. Riley initiated coverage on shares of Rosehill Resources in a research report on Monday, February 5th. They issued a “buy” rating and a $9.50 price target on the stock. Finally, Zacks Investment Research downgraded shares of Rosehill Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 1st.
Rosehill Resources opened at $7.29 on Tuesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.42 and a current ratio of 0.42. Rosehill Resources has a 1-year low of $7.25 and a 1-year high of $7.40. The company has a market capitalization of $261.21 million, a price-to-earnings ratio of -45.56 and a beta of 1.36.
In other news, major shareholder Principal Fund L.P. K2 sold 7,357 shares of the firm’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $7.99, for a total transaction of $58,782.43. Following the sale, the insider now directly owns 348,624 shares in the company, valued at approximately $2,785,505.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Geode Capital Master Fund Ltd. sold 18,200 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.58, for a total transaction of $119,756.00. The disclosure for this sale can be found here. Insiders sold 165,112 shares of company stock worth $1,215,986 over the last quarter. Insiders own 57.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in ROSE. Geode Capital Management LLC bought a new stake in Rosehill Resources in the 4th quarter valued at $406,000. Wells Fargo & Company MN increased its holdings in Rosehill Resources by 5.2% in the 1st quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock valued at $913,000 after acquiring an additional 7,738 shares during the last quarter. BlackRock Inc. increased its holdings in 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 last quarter. Finally, Quantum Capital Management increased its holdings in Rosehill Resources by 130.1% in the 1st quarter. Quantum Capital Management now owns 214,442 shares of the company’s stock valued at $1,259,000 after acquiring an additional 121,233 shares during the last quarter. Hedge funds and other institutional investors own 6.22% of the company’s stock.
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.
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