Rosehill Resources Inc (NASDAQ:ROSE) – SunTrust Banks lifted their Q3 2019 earnings per share estimates for shares of Rosehill Resources in a research report issued on Wednesday, October 16th. SunTrust Banks analyst N. Dingmann now forecasts that the company will earn $0.02 per share for the quarter, up from their prior estimate of $0.01. SunTrust Banks also issued estimates for Rosehill Resources’ Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $0.13 EPS, Q1 2020 earnings at $0.15 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.10 EPS, FY2020 earnings at $0.60 EPS, Q1 2021 earnings at $0.09 EPS, Q2 2021 earnings at $0.08 EPS, Q3 2021 earnings at $0.08 EPS and FY2021 earnings at $0.33 EPS.
Rosehill Resources (NASDAQ:ROSE) last posted its earnings results on Thursday, August 8th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.94). The company had revenue of $69.38 million for the quarter, compared to analyst estimates of $78.78 million. Rosehill Resources had a return on equity of 88.56% and a net margin of 7.70%.
Several other equities analysts have also recently weighed in on ROSE. ValuEngine upgraded Rosehill Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Seaport Global Securities cut Rosehill Resources from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Zacks Investment Research upgraded Rosehill Resources from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, Northland Securities reiterated a “buy” rating and set a $6.00 price objective on shares of Rosehill Resources in a report on Sunday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.83.
Rosehill Resources stock opened at $1.44 on Monday. The firm has a market capitalization of $63.29 million, a P/E ratio of 6.86 and a beta of 3.66. Rosehill Resources has a 1 year low of $1.29 and a 1 year high of $5.50. The business has a 50-day moving average of $1.69 and a 200-day moving average of $2.83. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 3.02.
In other Rosehill Resources news, Director Harry Quarls acquired 25,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $1.49 per share, for a total transaction of $37,250.00. Following the acquisition, the director now directly owns 177,260 shares of the company’s stock, valued at approximately $264,117.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have bought 41,300 shares of company stock worth $62,595 and have sold 4,781 shares worth $9,338. Insiders own 80.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Rosehill Resources by 304.2% in 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 in the last quarter. Vanguard Group Inc. lifted its stake in Rosehill Resources by 68.8% in 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 in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Rosehill Resources by 43.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 87,879 shares of the company’s stock valued at $325,000 after acquiring an additional 26,704 shares in the last quarter. Jane Street Group LLC bought a new stake in Rosehill Resources in the 2nd quarter valued at approximately $94,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Rosehill Resources in the 2nd quarter valued at approximately $81,000. Institutional investors and hedge funds own 11.41% of the company’s stock.
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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