Roan Resources (ROAN) Announces Quarterly Earnings Results

Roan Resources (OTCMKTS:ROAN) released its earnings results on Monday. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05), Fidelity Earnings reports. The business had revenue of $307.05 million for the quarter, compared to the consensus estimate of $143.00 million.

ROAN stock opened at $6.39 on Wednesday. Roan Resources has a 12 month low of $6.00 and a 12 month high of $19.82.

An institutional investor recently bought a new position in Roan Resources stock. Geode Capital Management LLC bought a new stake in Roan Resources Inc (OTCMKTS:ROAN) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 312,359 shares of the company’s stock, valued at approximately $2,617,000. Geode Capital Management LLC owned 0.20% of Roan Resources at the end of the most recent reporting period.

Separately, Zacks Investment Research raised shares of Roan Resources from a “sell” rating to a “hold” rating in a research report on Friday, February 8th.

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Roan Resources Company Profile

Linn Energy, Inc, through its equity interest in Roan Resources LLC, engages in the acquisition, exploration, and development of unconventional oil and natural gas reserves. It holds interests in various assets that cover approximately 150,000 net acres located in Merge, SCOOP, and STACK plays of the Anadarko Basin in Oklahoma.

Further Reading: Return on Equity (ROE)

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