SunTrust Banks initiated coverage on shares of Rosehill Resources (NASDAQ:ROSE) in a research report released on Friday, October 19th, MarketBeat reports. The firm issued a buy rating and a $10.00 price objective on the stock.
Several other research firms have also weighed in on ROSE. Stifel Nicolaus initiated coverage on Rosehill Resources in a report on Thursday, August 23rd. They issued a buy rating and a $14.00 target price for the company. ValuEngine lowered Rosehill Resources from a sell rating to a strong sell rating in a report on Friday, September 28th. TheStreet lowered Rosehill Resources from a c- rating to a d+ rating in a report on Wednesday, October 17th. Zacks Investment Research lowered Rosehill Resources from a hold rating to a sell rating in a report on Friday, October 12th. Finally, Seaport Global Securities started coverage on Rosehill Resources in a report on Thursday, September 20th. They set a buy rating and a $12.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $11.07.
Rosehill Resources stock traded down $0.02 during midday trading on Friday, hitting $4.48. The company’s stock had a trading volume of 208,109 shares, compared to its average volume of 143,035. The stock has a market cap of $174.48 million, a PE ratio of -28.00 and a beta of 1.41. Rosehill Resources has a 12 month low of $4.03 and a 12 month high of $10.34. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 7.83.
Rosehill Resources (NASDAQ:ROSE) last released its earnings results on Friday, November 9th. The company reported $5.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $5.31. The company had revenue of $82.56 million for the quarter, compared to analysts’ expectations of $77.78 million. Rosehill Resources had a return on equity of 118.18% and a net margin of 13.78%. On average, equities analysts predict that Rosehill Resources will post 0.49 EPS for the current fiscal year.
In other news, CFO Robert Craig Owen acquired 8,840 shares of the stock in a transaction dated Tuesday, October 2nd. The shares were acquired at an average cost of $6.06 per share, for a total transaction of $53,570.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Principal Fund L.P. K2 sold 24,694 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $8.25, for a total value of $203,725.50. Following the sale, the insider now owns 252,435 shares in the company, valued at $2,082,588.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 44,340 shares of company stock worth $276,050 and have sold 80,373 shares worth $673,233. Insiders own 60.00% of the company’s stock.
A number of large investors have recently made changes to their positions in ROSE. JPMorgan Chase & Co. grew its position in Rosehill Resources by 287.3% in the third quarter. JPMorgan Chase & Co. now owns 508,303 shares of the company’s stock valued at $3,101,000 after acquiring an additional 377,066 shares during the period. Quantum Capital Management grew its position in Rosehill Resources by 34.4% in the third quarter. Quantum Capital Management now owns 344,229 shares of the company’s stock valued at $2,100,000 after acquiring an additional 88,115 shares during the period. Wells Fargo & Company MN grew its position in Rosehill Resources by 5.2% in the first quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock valued at $913,000 after acquiring an additional 7,738 shares during the period. Finally, Millennium Management LLC grew its position 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 acquiring an additional 7,075 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.
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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