Research Analysts Issue Forecasts for Rosehill Resources Inc Class A’s Q3 2018 Earnings (ROSE)

Rosehill Resources Inc Class A (NASDAQ:ROSE) – Research analysts at Seaport Global Securities issued their Q3 2018 earnings estimates for shares of Rosehill Resources Inc Class A in a report released on Wednesday, September 19th. Seaport Global Securities analyst M. Kelly anticipates that the company will post earnings of $0.06 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $12.00 price objective on the stock. Seaport Global Securities also issued estimates for Rosehill Resources Inc Class A’s Q4 2018 earnings at $0.18 EPS, FY2018 earnings at ($0.16) EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $1.45 EPS.

Rosehill Resources Inc Class A (NASDAQ:ROSE) last released its earnings results on Thursday, August 16th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.57. The firm had revenue of $80.53 million for the quarter, compared to the consensus estimate of $70.45 million. Rosehill Resources Inc Class A had a net margin of 13.78% and a return on equity of 118.18%.

A number of other analysts also recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Rosehill Resources Inc Class A in a research report on Thursday, August 23rd. They issued a “buy” rating and a $14.00 target price on the stock. ValuEngine downgraded shares of Rosehill Resources Inc Class A from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 18th. Finally, Zacks Investment Research downgraded shares of Rosehill Resources Inc Class A from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Rosehill Resources Inc Class A has an average rating of “Buy” and an average price target of $11.75.

NASDAQ:ROSE opened at $7.20 on Monday. The stock has a market capitalization of $292.61 million, a PE ratio of -45.00 and a beta of 1.20. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 7.83. Rosehill Resources Inc Class A has a 1-year low of $5.75 and a 1-year high of $10.84.

In other news, Director Harry Quarls purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were bought at an average price of $7.28 per share, for a total transaction of $36,400.00. Following the purchase, the director now directly owns 57,562 shares in the company, valued at approximately $419,051.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Principal Fund L.P. K2 sold 19,294 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $8.65, for a total transaction of $166,893.10. Following the completion of the transaction, the insider now owns 198,914 shares in the company, valued at approximately $1,720,606.10. The disclosure for this sale can be found here. Insiders sold a total of 135,010 shares of company stock worth $1,161,012 over the last ninety days. Insiders own 60.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Quantum Capital Management lifted its stake in Rosehill Resources Inc Class A 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. Wells Fargo & Company MN lifted its stake in Rosehill Resources Inc Class A 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. Finally, Millennium Management LLC lifted its stake in Rosehill Resources Inc Class A 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. Institutional investors own 5.00% of the company’s stock.

About Rosehill Resources Inc Class A

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.

Read More: Return on Equity (ROE)

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

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