Brokerages expect that Rosehill Resources Inc (NASDAQ:ROSE) will report sales of $80.63 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Rosehill Resources’ earnings, with the lowest sales estimate coming in at $75.50 million and the highest estimate coming in at $89.50 million. Rosehill Resources posted sales of $82.56 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Rosehill Resources will report full year sales of $307.98 million for the current year, with estimates ranging from $299.20 million to $326.20 million. For the next year, analysts anticipate that the firm will post sales of $374.25 million, with estimates ranging from $334.10 million to $398.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Rosehill Resources.
A number of brokerages have recently weighed in on ROSE. Northland Securities restated a “buy” rating and issued a $6.00 price objective on shares of Rosehill Resources in a research note on Sunday, September 1st. Zacks Investment Research cut shares of Rosehill Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.50.
In other news, Director Harry Quarls acquired 25,000 shares of Rosehill Resources stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $1.49 per share, for a total transaction of $37,250.00. Following the completion of the purchase, the director now owns 177,260 shares of the company’s stock, valued at $264,117.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought 41,300 shares of company stock valued at $62,595 over the last 90 days. 80.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Rosehill Resources by 304.2% during the second quarter. BlackRock Inc. now owns 458,467 shares of the company’s stock worth $1,696,000 after acquiring an additional 345,043 shares during the period. Russell Investments Group Ltd. increased its position in Rosehill Resources by 4.1% during the second quarter. Russell Investments Group Ltd. now owns 415,143 shares of the company’s stock worth $1,536,000 after acquiring an additional 16,423 shares during the period. Vanguard Group Inc. increased its position in Rosehill Resources by 68.8% during the second quarter. Vanguard Group Inc. now owns 407,283 shares of the company’s stock worth $1,507,000 after acquiring an additional 166,032 shares during the period. JPMorgan Chase & Co. increased its position in Rosehill Resources by 6.4% during the second quarter. JPMorgan Chase & Co. now owns 260,975 shares of the company’s stock worth $916,000 after acquiring an additional 15,710 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in Rosehill Resources by 43.7% during the second quarter. Parametric Portfolio Associates LLC now owns 87,879 shares of the company’s stock worth $325,000 after acquiring an additional 26,704 shares during the period. 11.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rosehill Resources stock traded up $0.13 on Monday, reaching $1.93. The stock had a trading volume of 269,069 shares, compared to its average volume of 89,652. The business’s 50-day moving average price is $1.90 and its two-hundred day moving average price is $3.10. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.44 and a current ratio of 0.44. Rosehill Resources has a fifty-two week low of $1.29 and a fifty-two week high of $8.75. The stock has a market cap of $85.42 million, a P/E ratio of 9.19 and a beta of 3.61.
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, 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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