Ifs Securities started coverage on shares of Rosehill Resources (NASDAQ:ROSE) in a research report sent to investors on Monday morning, The Fly reports. The firm issued an outperform rating on the stock.
Other analysts have also issued research reports about the stock. ValuEngine raised shares of Rosehill Resources from a strong sell rating to a sell rating in a report on Friday, August 24th. Zacks Investment Research raised shares of Rosehill Resources from a sell rating to a hold rating and set a $6.00 price target on the stock in a report on Wednesday, October 24th. Seaport Global Securities began coverage on shares of Rosehill Resources in a report on Thursday, September 20th. They issued a buy rating and a $12.00 price target on the stock. TheStreet lowered shares of Rosehill Resources from a c- rating to a d+ rating in a report on Wednesday, October 17th. Finally, SunTrust Banks began coverage on shares of Rosehill Resources in a report on Friday, October 19th. They issued a buy rating and a $10.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $11.07.
ROSE stock traded down $0.22 during midday trading on Monday, hitting $5.00. The stock had a trading volume of 820 shares, compared to its average volume of 232,277. The firm has a market cap of $172.66 million, a price-to-earnings ratio of -31.25 and a beta of 1.33. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 7.83. Rosehill Resources has a 1-year low of $4.64 and a 1-year high of $10.84.
Rosehill Resources (NASDAQ:ROSE) last released its earnings results on Thursday, August 16th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.57. The business had revenue of $80.53 million for the quarter, compared to analyst estimates of $70.45 million. Rosehill Resources had a net margin of 13.78% and a return on equity of 118.18%. Research analysts expect that Rosehill Resources will post 0.49 earnings per share for the current year.
In other Rosehill Resources news, Director Harry Quarls bought 5,000 shares of Rosehill Resources stock in a transaction that occurred on Wednesday, August 22nd. The shares were bought at an average price of $7.28 per share, with a total value of $36,400.00. Following the acquisition, the director now owns 57,562 shares in the company, valued at $419,051.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Principal Fund L.P. K2 sold 32,430 shares of the 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 in the company, valued at approximately $2,357,104.13. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 44,340 shares of company stock worth $276,050 and have sold 112,803 shares worth $957,644. 60.00% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Quantum Capital Management boosted its position in Rosehill Resources by 19.4% during the 2nd quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock valued at $2,080,000 after buying an additional 41,672 shares during the period. Wells Fargo & Company MN lifted its position in shares of Rosehill Resources by 5.2% in the 1st quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock worth $913,000 after purchasing an additional 7,738 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Rosehill Resources by 61.4% in the 1st quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock worth $109,000 after purchasing an additional 7,075 shares during the period. 5.05% of the stock is currently owned by institutional investors.
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, 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.
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