Rosehill Resources (ROSE) Issues Quarterly Earnings Results

Rosehill Resources (NASDAQ:ROSE) posted its quarterly earnings data on Friday. The company reported $5.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $5.31, Fidelity Earnings reports. The firm had revenue of $82.56 million during the quarter, compared to analyst estimates of $77.78 million. Rosehill Resources had a net margin of 13.78% and a return on equity of 118.18%.

Shares of Rosehill Resources stock traded down $0.02 on Friday, reaching $4.48. 208,109 shares of the company traded hands, compared to its average volume of 143,035. Rosehill Resources has a 52 week low of $4.03 and a 52 week high of $10.34. The company has a market capitalization of $174.48 million, a P/E ratio of -28.00 and a beta of 1.41. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 7.83.

Several equities research analysts have commented on ROSE shares. Stifel Nicolaus started coverage on shares of Rosehill Resources in a research note on Thursday, August 23rd. They issued a “buy” rating and a $14.00 price objective for the company. Seaport Global Securities started coverage on shares of Rosehill Resources in a research note on Thursday, September 20th. They issued a “buy” rating and a $12.00 price objective for the company. SunTrust Banks started coverage on shares of Rosehill Resources in a research note on Friday, October 19th. They issued a “buy” rating and a $10.00 price objective for the company. TheStreet lowered shares of Rosehill Resources from a “c-” rating to a “d+” rating in a research note on Wednesday, October 17th. Finally, Zacks Investment Research upgraded shares of Rosehill Resources from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Rosehill Resources presently has a consensus rating of “Buy” and a consensus target price of $11.07.

In related news, Director Harry Quarls bought 21,822 shares of Rosehill Resources stock in a transaction dated Monday, October 1st. The stock was purchased at an average cost of $6.11 per share, with a total value of $133,332.42. Following the transaction, the director now directly owns 69,667 shares of the company’s stock, valued at $425,665.37. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Principal Fund L.P. K2 sold 19,294 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $8.65, for a total transaction of $166,893.10. Following the transaction, the insider now directly owns 198,914 shares of the company’s stock, valued at $1,720,606.10. The disclosure for this sale can be found here. Over the last three months, insiders have bought 44,340 shares of company stock valued at $276,050 and have sold 80,373 shares valued at $673,233. 60.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew 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 valued at $109,000 after acquiring an additional 7,075 shares during the period. Wells Fargo & Company MN grew 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 valued at $913,000 after acquiring an additional 7,738 shares during the period. Quantum Capital Management grew its position in shares of Rosehill Resources by 19.4% during the 2nd quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock valued at $2,080,000 after acquiring an additional 41,672 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Rosehill Resources by 287.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 508,303 shares of the company’s stock valued at $3,101,000 after acquiring an additional 377,066 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

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Rosehill Resources Company Profile

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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Earnings History for Rosehill Resources (NASDAQ:ROSE)

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