Analysts Anticipate Rosehill Resources Inc (ROSE) to Announce $0.13 Earnings Per Share

Analysts expect Rosehill Resources Inc (NASDAQ:ROSE) to announce earnings of $0.13 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Rosehill Resources’ earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.06. Rosehill Resources also posted earnings of $0.13 per share during the same quarter last year. The business is expected to issue its next quarterly earnings results on Monday, November 12th.

On average, analysts expect that Rosehill Resources will report full-year earnings of $0.20 per share for the current year, with EPS estimates ranging from ($0.81) to $1.36. For the next fiscal year, analysts expect that the firm will report earnings of $1.12 per share, with EPS estimates ranging from $0.64 to $1.45. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Rosehill Resources.

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

A number of equities analysts have recently issued reports on ROSE shares. Seaport Global Securities started coverage on shares of Rosehill Resources in a research note on Thursday, September 20th. They set a “buy” rating and a $12.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Rosehill Resources in a research note on Thursday, August 23rd. They issued a “buy” rating and a $14.00 target price for the company. SunTrust Banks began coverage on shares of Rosehill Resources in a research note on Friday. They issued a “buy” rating and a $10.00 target price for the company. TheStreet downgraded shares of Rosehill Resources from a “c-” rating to a “d+” rating in a research note on Wednesday. Finally, Zacks Investment Research downgraded shares of Rosehill Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. Rosehill Resources presently has a consensus rating of “Buy” and a consensus target price of $11.50.

In other Rosehill Resources news, major shareholder Principal Fund L.P. K2 sold 32,430 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $8.77, for a total value of $284,411.10. Following the completion of the sale, the insider now directly owns 268,769 shares in the company, valued at $2,357,104.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert Craig Owen bought 8,840 shares of the stock in a transaction on Tuesday, October 2nd. The stock was purchased at an average price of $6.06 per share, with a total value of $53,570.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 44,340 shares of company stock valued at $276,050 and sold 113,103 shares valued at $960,344. 60.00% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Rosehill Resources by 61.4% during the first quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock worth $109,000 after buying an additional 7,075 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Rosehill Resources by 5.2% during the first quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock worth $913,000 after buying an additional 7,738 shares during the period. Finally, Quantum Capital Management lifted its stake in shares of Rosehill Resources by 19.4% during the second quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock worth $2,080,000 after buying an additional 41,672 shares during the period. Institutional investors and hedge funds own 5.00% of the company’s stock.

NASDAQ ROSE opened at $5.82 on Friday. The company has a debt-to-equity ratio of 7.83, a quick ratio of 0.43 and a current ratio of 0.43. Rosehill Resources has a 52-week low of $5.30 and a 52-week high of $10.84. The company has a market cap of $205.37 million, a PE ratio of -36.38 and a beta of 1.33.

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, 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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