Rosehill Resources (ROSE) Hits New 52-Week Low at $4.45

Rosehill Resources Inc (NASDAQ:ROSE) reached a new 52-week low during trading on Thursday . The stock traded as low as $4.45 and last traded at $4.53, with a volume of 200 shares. The stock had previously closed at $4.80.

ROSE has been the subject of several recent analyst reports. TheStreet cut Rosehill Resources from a “c-” rating to a “d+” rating in a research note on Wednesday, October 17th. Ifs Securities initiated coverage on Rosehill Resources in a research note on Monday, October 29th. They set an “outperform” rating for the company. Zacks Investment Research cut Rosehill Resources from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. ValuEngine cut Rosehill Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 18th. Finally, SunTrust Banks initiated coverage on Rosehill Resources in a research note on Friday, October 19th. They set a “buy” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.07.

The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 7.83. The company has a market cap of $174.48 million, a P/E ratio of -28.00 and a beta of 1.41.

Rosehill Resources (NASDAQ:ROSE) last announced its quarterly earnings data on Friday, November 9th. The company reported $5.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $5.31. Rosehill Resources had a return on equity of 118.18% and a net margin of 13.78%. The firm had revenue of $82.56 million during the quarter, compared to analysts’ expectations of $77.78 million. As a group, equities research analysts anticipate that Rosehill Resources Inc will post 0.49 earnings per share for the current fiscal year.

In other news, Director Harry Quarls acquired 5,000 shares of Rosehill Resources stock in a transaction on Wednesday, August 22nd. The stock was purchased at an average price of $7.28 per share, with a total value of $36,400.00. Following the completion of the purchase, the director now owns 57,562 shares of the company’s stock, valued at approximately $419,051.36. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Principal Fund L.P. K2 sold 19,294 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $8.65, for a total value of $166,893.10. Following the completion of the sale, the insider now directly owns 198,914 shares of the company’s stock, valued at approximately $1,720,606.10. The disclosure for this sale can be found here. In the last three months, insiders acquired 44,340 shares of company stock valued at $276,050 and sold 80,373 shares valued at $673,233. Company insiders own 60.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its stake in 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 acquiring an additional 7,075 shares during the period. Wells Fargo & Company MN lifted its holdings 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. Quantum Capital Management lifted its holdings 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. lifted its holdings 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. 5.05% of the stock is owned by hedge funds and other institutional investors.

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About Rosehill Resources (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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