Zacks: Analysts Set $5.00 Target Price for Roan Resources Inc (NYSE:ROAN)

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Shares of Roan Resources Inc (NYSE:ROAN) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 12 month consensus target price of $5.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Roan Resources an industry rank of 160 out of 255 based on the ratings given to its competitors.

Several equities research analysts have issued reports on ROAN shares. ValuEngine raised Roan Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Roan Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

Several institutional investors and hedge funds have recently bought and sold shares of ROAN. BlackRock Inc. lifted its holdings in shares of Roan Resources by 669.5% during the second quarter. BlackRock Inc. now owns 2,440,022 shares of the company’s stock worth $4,246,000 after buying an additional 2,122,922 shares in the last quarter. Raffles Associates LP lifted its holdings in shares of Roan Resources by 231.4% during the second quarter. Raffles Associates LP now owns 1,886,664 shares of the company’s stock worth $3,283,000 after buying an additional 1,317,380 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Roan Resources during the second quarter worth $1,362,000. JVL Advisors L.L.C. lifted its holdings in shares of Roan Resources by 1.9% during the second quarter. JVL Advisors L.L.C. now owns 41,125,056 shares of the company’s stock worth $71,558,000 after buying an additional 762,698 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Roan Resources by 1,668.9% during the second quarter. Morgan Stanley now owns 446,671 shares of the company’s stock worth $777,000 after buying an additional 421,419 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Roan Resources stock remained flat at $$1.52 during mid-day trading on Monday. The company’s stock had a trading volume of 221,643 shares, compared to its average volume of 796,797. The company has a fifty day moving average of $1.48 and a 200 day moving average of $1.32. Roan Resources has a fifty-two week low of $1.00 and a fifty-two week high of $14.20. The stock has a market capitalization of $233.04 million and a PE ratio of 1.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90.

Roan Resources (NYSE:ROAN) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). Roan Resources had a net margin of 23.21% and a return on equity of 4.84%. The business had revenue of $133.06 million for the quarter, compared to analyst estimates of $107.39 million. Equities research analysts forecast that Roan Resources will post 0.47 EPS for the current year.

About Roan Resources

Linn Energy, Inc, through its equity interest in Roan Resources LLC, engages in the acquisition, exploration, and development of unconventional oil and natural gas reserves. It holds interests in various assets that cover approximately 150,000 net acres located in Merge, SCOOP, and STACK plays of the Anadarko Basin in Oklahoma.

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