Equities Analysts Lower Earnings Estimates for Rosehill Resources Inc (NASDAQ:ROSE)

Equities Analysts Lower Earnings Estimates for Rosehill Resources Inc (NASDAQ:ROSE)

Rosehill Resources Inc (NASDAQ:ROSE) – Investment analysts at Seaport Global Securities dropped their Q4 2019 earnings per share estimates for Rosehill Resources in a research report issued to clients and investors on Tuesday, May 28th, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.15. Seaport Global Securities also issued estimates for Rosehill Resources’ Q1 2020 earnings at $0.33 EPS.

ROSE has been the subject of several other reports. Zacks Investment Research lowered Rosehill Resources from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Northland Securities restated a “buy” rating and set a $8.00 price target on shares of Rosehill Resources in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Rosehill Resources has a consensus rating of “Buy” and an average target price of $8.90.

Shares of ROSE traded up $0.07 during midday trading on Thursday, hitting $3.10. 28,467 shares of the stock were exchanged, compared to its average volume of 100,985. Rosehill Resources has a 52-week low of $1.95 and a 52-week high of $9.44. The firm has a market cap of $135.70 million, a P/E ratio of 14.76 and a beta of 3.42. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.21.

Rosehill Resources (NASDAQ:ROSE) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. Rosehill Resources had a return on equity of 171.78% and a net margin of 6.78%. The company had revenue of $83.01 million during the quarter, compared to analyst estimates of $83.65 million.

A number of large investors have recently added to or reduced their stakes in the stock. Quantum Capital Management boosted its holdings in Rosehill Resources by 2.6% in the first quarter. Quantum Capital Management now owns 937,661 shares of the company’s stock valued at $3,188,000 after purchasing an additional 23,373 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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 during the period. Q Global Advisors LLC boosted its holdings in Rosehill Resources by 155.7% in the fourth quarter. Q Global Advisors LLC now owns 418,823 shares of the company’s stock valued at $934,000 after purchasing an additional 255,000 shares during the period. Vanguard Group Inc boosted its holdings in Rosehill Resources by 142.4% in the third quarter. Vanguard Group Inc now owns 400,108 shares of the company’s stock valued at $2,441,000 after purchasing an additional 235,056 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Rosehill Resources by 142.4% in the third quarter. Vanguard Group Inc. now owns 400,108 shares of the company’s stock valued at $2,441,000 after purchasing an additional 235,056 shares during the period. Hedge funds and other institutional investors own 10.72% of the company’s stock.

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, 2018, its portfolio included 67 gross operated producing horizontal wells in the Northern Delaware Basin and 4 gross operated producing horizontal wells in the Southern Delaware Basin; and working interests in approximately 6,665 gross acres in the Northern Delaware Basin and 9,219 gross acres in the Southern Delaware Basin, as well as 513 gross operated and 53 non-operated potential horizontal drilling locations in the Northern and Southern Delaware Basin.

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