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.
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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