Rosehill Resources (ROSE) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Rosehill Resources (NASDAQ:ROSE) from a hold rating to a sell rating in a research note released on Friday.

According to Zacks, “Rosehill Resources Inc. is an oil and gas exploration company. Its principally producing assets located in Texas and New Mexico and its investment activity will be focused on the Delaware Basin portion of the Permian Basin. Rosehill Resources Inc., formerly known as KLR Energy Acquisition Corp., is based in Houston, United States. “

ROSE has been the topic of a number of other research reports. Stifel Nicolaus started coverage on shares of Rosehill Resources in a research report on Thursday, August 23rd. They issued a buy rating and a $14.00 target price on the stock. ValuEngine lowered shares of Rosehill Resources from a sell rating to a strong sell rating in a research report on Saturday, August 18th. Finally, Seaport Global Securities started coverage on shares of Rosehill Resources in a research report on Thursday, September 20th. They issued a buy rating and a $12.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $11.75.

Shares of NASDAQ ROSE traded down $0.23 during trading hours on Friday, hitting $5.57. 495,028 shares of the stock were exchanged, compared to its average volume of 71,926. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 7.83. The firm has a market capitalization of $221.73 million, a price-to-earnings ratio of -34.81 and a beta of 1.35. Rosehill Resources has a 1-year low of $5.45 and a 1-year high of $10.84.

Rosehill Resources (NASDAQ:ROSE) last posted its quarterly earnings results on Thursday, August 16th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.57. Rosehill Resources had a net margin of 13.78% and a return on equity of 118.18%. The business had revenue of $80.53 million for the quarter, compared to analyst estimates of $70.45 million. On average, equities research analysts forecast that Rosehill Resources will post -0.19 earnings per share for the current year.

In other Rosehill Resources news, Director Harry Quarls purchased 8,178 shares of the company’s stock in a transaction dated Friday, September 28th. The stock was purchased at an average price of $6.08 per share, with a total value of $49,722.24. Following the completion of the purchase, the director now owns 69,667 shares of the company’s stock, valued at $423,575.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Principal Fund L.P. K2 sold 32,430 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $8.77, for a total transaction of $284,411.10. Following the transaction, the insider now directly owns 268,769 shares of the company’s stock, valued at approximately $2,357,104.13. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 44,340 shares of company stock worth $276,050 and sold 113,103 shares worth $960,344. Company insiders own 60.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Rosehill Resources by 61.4% during the first quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock valued at $109,000 after acquiring an additional 7,075 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Rosehill Resources by 5.2% during the first 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. Finally, Quantum Capital Management raised its stake in shares of Rosehill Resources by 19.4% during the second quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock valued at $2,080,000 after acquiring an additional 41,672 shares during the last quarter. 5.00% of the stock is owned by hedge funds and other institutional investors.

Rosehill Resources Company Profile

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, 2017, its portfolio included 39 gross operated producing horizontal wells and 3 gross operated horizontal wells in the Northern Delaware Basin; and working interests in approximately 14,762 gross acres in the Northern and Southern Delaware Basin with an inventory of 530 gross operated and non-operated potential horizontal drilling locations.

Further Reading: Earnings Per Share (EPS)

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