Shares of Rosehill Resources Inc (NASDAQ:ROSE) hit a new 52-week low during trading on Thursday . The company traded as low as $4.45 and last traded at $4.53, with a volume of 200 shares traded. The stock had previously closed at $4.80.
A number of brokerages recently commented on ROSE. Zacks Investment Research upgraded Rosehill Resources from a “sell” rating to a “hold” rating and set a $6.00 price target on the stock in a report on Wednesday, October 24th. ValuEngine upgraded Rosehill Resources from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Seaport Global Securities started coverage on Rosehill Resources in a research note on Thursday, September 20th. They issued a “buy” rating and a $12.00 target price on the stock. Ifs Securities started coverage on Rosehill Resources in a research note on Monday, October 29th. They issued an “outperform” rating on the stock. Finally, SunTrust Banks started coverage on Rosehill Resources in a research note on Friday, October 19th. They issued a “buy” rating and a $10.00 target price on the stock. One equities research 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. The company presently has an average rating of “Buy” and a consensus price target of $11.07.
The company has a market cap of $174.48 million, a PE ratio of -28.00 and a beta of 1.41. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 7.83.
In other Rosehill Resources news, major shareholder Principal Fund L.P. K2 sold 11,826 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $8.29, for a total value of $98,037.54. Following the sale, the insider now directly owns 252,435 shares in the company, valued at $2,092,686.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Harry Quarls purchased 5,000 shares of Rosehill Resources stock in a transaction dated Wednesday, August 22nd. The stock was bought at an average price of $7.28 per share, with a total value of $36,400.00. Following the completion of the transaction, the director now owns 57,562 shares of the company’s stock, valued at approximately $419,051.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 44,340 shares of company stock worth $276,050 and sold 80,373 shares worth $673,233. Insiders own 60.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of 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 purchasing an additional 7,738 shares in the last quarter. Millennium Management LLC grew its position in shares of 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 purchasing an additional 7,075 shares in the last quarter. Quantum Capital Management grew its position in shares of Rosehill Resources by 19.4% in the second quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock valued at $2,080,000 after purchasing an additional 41,672 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 377,066 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.
Rosehill Resources Company Profile (NASDAQ:ROSE)
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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