Rosehill Resources (ROSE) Announces Quarterly Earnings Results

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Rosehill Resources (NASDAQ:ROSE) announced its quarterly earnings results on Friday. The company reported $5.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $5.31, Fidelity Earnings reports. Rosehill Resources had a net margin of 13.78% and a return on equity of 118.18%. The firm had revenue of $82.56 million during the quarter, compared to the consensus estimate of $77.78 million.

NASDAQ:ROSE traded down $0.02 during trading hours on Friday, hitting $4.48. The stock had a trading volume of 208,109 shares, compared to its average volume of 143,035. The company has a debt-to-equity ratio of 7.83, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $174.48 million, a price-to-earnings ratio of -28.00 and a beta of 1.41. Rosehill Resources has a one year low of $4.03 and a one year high of $10.34.

In other news, major shareholder Principal Fund L.P. K2 sold 24,694 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $8.25, for a total transaction of $203,725.50. Following the sale, the insider now owns 252,435 shares in the company, valued at approximately $2,082,588.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Harry Quarls acquired 5,000 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were bought at an average price of $7.28 per share, for a total transaction of $36,400.00. Following the transaction, the director now owns 57,562 shares in the company, valued at approximately $419,051.36. The disclosure for this purchase can be found here. In 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. Company insiders own 60.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of ROSE. Wells Fargo & Company MN raised its position in shares of Rosehill Resources by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock valued at $913,000 after buying an additional 7,738 shares in the last quarter. Millennium Management LLC raised its position in shares of Rosehill Resources by 61.4% during the 1st quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock valued at $109,000 after buying an additional 7,075 shares in the last quarter. Quantum Capital Management raised its position in shares of Rosehill Resources by 19.4% during the 2nd quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock valued at $2,080,000 after buying an additional 41,672 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Rosehill Resources by 287.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 508,303 shares of the company’s stock valued at $3,101,000 after buying an additional 377,066 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Rosehill Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 14th. Seaport Global Securities assumed coverage on shares of Rosehill Resources in a report on Thursday, September 20th. They issued a “buy” rating and a $12.00 price target for the company. ValuEngine raised shares of Rosehill Resources from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Stifel Nicolaus assumed coverage on shares of Rosehill Resources in a report on Thursday, August 23rd. They issued a “buy” rating and a $14.00 price target for the company. Finally, SunTrust Banks assumed coverage on shares of Rosehill Resources in a report on Friday, October 19th. They issued a “buy” rating and a $10.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.07.

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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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Earnings History for Rosehill Resources (NASDAQ:ROSE)

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