Corsair Capital Management L.P. Invests $110,000 in Rosehill Resources Inc (ROSE) Stock

Corsair Capital Management L.P. purchased a new position in shares of Rosehill Resources Inc (NASDAQ:ROSE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,990 shares of the company’s stock, valued at approximately $110,000.

Several other large investors have also recently added to or reduced their stakes in ROSE. Millennium Management LLC lifted its stake in Rosehill Resources by 61.4% in the first quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock valued at $109,000 after buying an additional 7,075 shares during the period. Laurion Capital Management LP acquired a new position in shares of Rosehill Resources during the third quarter worth approximately $153,000. Monashee Investment Management LLC acquired a new position in shares of Rosehill Resources during the third quarter worth approximately $519,000. Quantum Capital Management raised its position 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 worth $2,080,000 after purchasing an additional 41,672 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Rosehill Resources by 287.3% during the third quarter. JPMorgan Chase & Co. now owns 508,303 shares of the company’s stock worth $3,101,000 after purchasing an additional 377,066 shares during the period. Institutional investors own 15.86% of the company’s stock.

A number of equities research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Rosehill Resources in a research report on Thursday, August 23rd. They issued a “buy” rating and a $14.00 price target for the company. SunTrust Banks assumed coverage on Rosehill Resources in a research report on Friday, October 19th. They issued a “buy” rating and a $10.00 price target for the company. Zacks Investment Research lowered Rosehill Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine lowered Rosehill Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 28th. Finally, TheStreet lowered Rosehill Resources from a “c-” rating to a “d+” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $11.07.

NASDAQ ROSE opened at $3.33 on Friday. The firm has a market capitalization of $156.74 million, a P/E ratio of -20.81 and a beta of 1.26. Rosehill Resources Inc has a 12 month low of $3.24 and a 12 month high of $9.44. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 7.83.

Rosehill Resources (NASDAQ:ROSE) last released its quarterly earnings results on Friday, November 9th. The company reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $5.31. The business had revenue of $82.56 million during the quarter, compared to analyst estimates of $77.78 million. Rosehill Resources had a positive return on equity of 713.01% and a negative net margin of 0.02%. Equities analysts expect that Rosehill Resources Inc will post 0.04 EPS for the current year.

In other Rosehill Resources news, major shareholder Principal Fund L.P. K2 sold 19,294 shares of the company’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $8.65, for a total value of $166,893.10. Following the completion of the transaction, the insider now owns 198,914 shares in the company, valued at approximately $1,720,606.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Craig Owen acquired 8,840 shares of Rosehill Resources stock in a transaction on Tuesday, October 2nd. The stock was acquired at an average price of $6.06 per share, with a total value of $53,570.40. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 83,200 shares of company stock valued at $421,355 and sold 80,373 shares valued at $673,233. Corporate insiders own 60.00% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Rosehill Resources (NASDAQ:ROSE)

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