Wall Street brokerages expect that Rosehill Resources Inc (NASDAQ:ROSE) will report $83.75 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Rosehill Resources’ earnings, with estimates ranging from $80.00 million to $89.50 million. Rosehill Resources posted sales of $82.56 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The firm is expected to issue its next quarterly earnings report on Thursday, November 14th.
According to Zacks, analysts expect that Rosehill Resources will report full year sales of $315.23 million for the current fiscal year, with estimates ranging from $307.00 million to $326.20 million. For the next fiscal year, analysts forecast that the business will report sales of $387.83 million, with estimates ranging from $371.70 million to $398.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Rosehill Resources.
Several research analysts recently weighed in on ROSE shares. Zacks Investment Research downgraded Rosehill Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Northland Securities restated a “buy” rating and set a $8.00 target price on shares of Rosehill Resources in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $8.90.
In other news, Director Harry Quarls purchased 25,000 shares of the stock in a transaction on Friday, August 16th. The stock was bought at an average price of $1.49 per share, with a total value of $37,250.00. Following the transaction, the director now owns 177,260 shares in the company, valued at approximately $264,117.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have purchased 41,300 shares of company stock worth $62,595. 80.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ROSE. Susquehanna International Group LLP acquired a new stake in Rosehill Resources in the second quarter valued at about $52,000. Jane Street Group LLC acquired a new stake in Rosehill Resources in the second quarter valued at about $94,000. Vanguard Group Inc. lifted its position in shares of Rosehill Resources by 68.8% during the 2nd quarter. Vanguard Group Inc. now owns 407,283 shares of the company’s stock valued at $1,507,000 after acquiring an additional 166,032 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of Rosehill Resources during the 2nd quarter valued at approximately $68,000. Finally, BlackRock Inc. lifted its position in shares of Rosehill Resources by 304.2% during the 2nd quarter. BlackRock Inc. now owns 458,467 shares of the company’s stock valued at $1,696,000 after acquiring an additional 345,043 shares during the period. 11.59% of the stock is owned by institutional investors.
Shares of NASDAQ:ROSE traded down $0.14 on Friday, reaching $1.53. The company had a trading volume of 24,937 shares, compared to its average volume of 68,380. Rosehill Resources has a 52-week low of $1.29 and a 52-week high of $8.75. The firm’s 50 day simple moving average is $2.56 and its 200-day simple moving average is $3.25. The firm has a market capitalization of $73.91 million, a PE ratio of 0.29 and a beta of 3.41. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 3.02.
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, 2018, its portfolio included 67 gross operated producing horizontal wells in the Northern Delaware Basin and 4 gross operated producing horizontal wells in the Southern Delaware Basin; and working interests in approximately 6,665 gross acres in the Northern Delaware Basin and 9,219 gross acres in the Southern Delaware Basin, as well as 513 gross operated and 53 non-operated potential horizontal drilling locations in the Northern and Southern Delaware Basin.
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