Analysts Expect Rosehill Resources (ROSE) to Post $0.15 Earnings Per Share

Wall Street analysts expect Rosehill Resources (NASDAQ:ROSE) to report $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Rosehill Resources’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.06. Rosehill Resources posted earnings per share of ($0.08) in the same quarter last year, which indicates a positive year-over-year growth rate of 287.5%. The business is expected to report its next quarterly earnings report on Tuesday, August 21st.

On average, analysts expect that Rosehill Resources will report full year earnings of $1.13 per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of $1.86 per share, with EPS estimates ranging from $1.12 to $2.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Rosehill Resources.

Rosehill Resources (NASDAQ:ROSE) last posted its quarterly earnings results on Monday, May 14th. The company reported $2.10 EPS for the quarter, beating the consensus estimate of $0.04 by $2.06. Rosehill Resources had a net margin of 5.62% and a return on equity of 69.29%. The company had revenue of $55.79 million for the quarter, compared to analyst estimates of $49.80 million.

Several equities research analysts have recently issued reports on the stock. Eurobank EFG assumed coverage on shares of Rosehill Resources in a research note on Tuesday, March 6th. They set a “buy” rating and a $12.00 target price on the stock. B. Riley assumed coverage on shares of Rosehill Resources in a research note on Monday, February 5th. They set a “buy” rating and a $9.50 target price on the stock. Zacks Investment Research raised shares of Rosehill Resources from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Tuesday, April 24th. Finally, ValuEngine raised shares of Rosehill Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.13.

In other news, major shareholder Principal Fund L.P. K2 sold 8,400 shares of the stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $8.20, for a total transaction of $68,880.00. Following the sale, the insider now directly owns 346,624 shares of the company’s stock, valued at approximately $2,842,316.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Geode Capital Master Fund Ltd. sold 7,900 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7.02, for a total transaction of $55,458.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 169,938 shares of company stock worth $1,258,025. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 worth $109,000 after purchasing an additional 7,075 shares during the last quarter. 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 worth $913,000 after purchasing an additional 7,738 shares during the last quarter. BlackRock Inc. raised its position in shares of Rosehill Resources by 12.6% during the 4th 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 last quarter. Geode Capital Management LLC acquired a new position in shares of Rosehill Resources during the 4th quarter worth about $406,000. Finally, Quantum Capital Management raised its position in shares of Rosehill Resources by 130.1% during the 1st quarter. Quantum Capital Management now owns 214,442 shares of the company’s stock worth $1,259,000 after purchasing an additional 121,233 shares during the last quarter. Hedge funds and other institutional investors own 6.22% of the company’s stock.

NASDAQ:ROSE opened at $8.10 on Friday. Rosehill Resources has a one year low of $7.89 and a one year high of $7.89. The company has a debt-to-equity ratio of 6.17, a quick ratio of 0.42 and a current ratio of 0.40. The firm has a market capitalization of $279.23 million, a price-to-earnings ratio of -50.63 and a beta of 1.36.

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, 2016, it operated 20 horizontal and 1 vertical wells in the Permian Basin; and 18 vertical and 21 horizontal wells in the Barnett Shale in the Fort Worth Basin.

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Earnings History and Estimates for Rosehill Resources (NASDAQ:ROSE)

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