Rosehill Resources Inc (ROSE) Major Shareholder Principal Fund L.P. K2 Purchases 3,500 Shares

Rosehill Resources Inc (NASDAQ:ROSE) major shareholder Principal Fund L.P. K2 purchased 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $6.39 per share, for a total transaction of $22,365.00. Following the completion of the purchase, the insider now directly owns 460,615 shares of the company’s stock, valued at approximately $2,943,329.85. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Rosehill Resources Inc (NASDAQ ROSE) traded up $0.50 during mid-day trading on Friday, hitting $6.85. 48,952 shares of the company traded hands, compared to its average volume of 39,895. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.29 and a current ratio of 0.30. Rosehill Resources Inc has a fifty-two week low of $5.52 and a fifty-two week high of $11.69.

Rosehill Resources (NASDAQ:ROSE) last released its quarterly earnings results on Monday, November 13th. The company reported $0.13 EPS for the quarter. analysts predict that Rosehill Resources Inc will post 0.22 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in shares of Rosehill Resources by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 147,808 shares of the company’s stock valued at $1,162,000 after acquiring an additional 13,633 shares in the last quarter. BlackRock Inc. lifted its position in Rosehill Resources by 12.6% during the fourth quarter. BlackRock Inc. now owns 131,055 shares of the company’s stock worth $1,031,000 after purchasing an additional 14,619 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in Rosehill Resources during the third quarter worth about $1,140,000. Institutional investors and hedge funds own 5.72% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine upgraded shares of Rosehill Resources from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Northland Securities assumed coverage on shares of Rosehill Resources in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $14.00 price target on the stock. Finally, B. Riley assumed coverage on shares of Rosehill Resources in a research note on Monday. They issued a “buy” rating and a $9.50 price target on the stock.

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About Rosehill Resources

Rosehill Resources Inc, formerly KLR Energy Acquisition Corp., is an oil and gas exploration company. The Company is focused on the Delaware Basin portion of the Permian Basin. It has nearly 5,000 net acres with approximately 80% held by production and drilling locations. Its drilling locations are located across ten distinct benches.

Insider Buying and Selling by Quarter for Rosehill Resources (NASDAQ:ROSE)

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