Rosehill Resources Inc (ROSE) Receives Average Recommendation of “Buy” from Analysts

Rosehill Resources Inc (NASDAQ:ROSE) has earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.00.

A number of analysts recently issued reports on ROSE shares. TheStreet lowered Rosehill Resources from a “c-” rating to a “d+” rating in a report on Wednesday, October 17th. SunTrust Banks started coverage on Rosehill Resources in a report on Friday, October 19th. They issued a “buy” rating and a $10.00 price target for the company. Zacks Investment Research upgraded Rosehill Resources from a “sell” rating to a “hold” rating and set a $6.00 price target for the company in a report on Wednesday, October 24th. Ifs Securities started coverage on Rosehill Resources in a report on Monday, October 29th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus set a $10.00 price target on Rosehill Resources and gave the company a “buy” rating in a report on Sunday, December 23rd.

Get Rosehill Resources alerts:

Shares of NASDAQ ROSE opened at $2.90 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 7.83. The company has a market capitalization of $121.91 million, a P/E ratio of -18.13 and a beta of 3.07. Rosehill Resources has a 52-week low of $1.95 and a 52-week high of $9.44.

In other Rosehill Resources news, Director Harry Quarls acquired 20,000 shares of Rosehill Resources stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average price of $4.28 per share, with a total value of $85,600.00. Following the completion of the purchase, the director now directly owns 99,349 shares of the company’s stock, valued at approximately $425,213.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Craig Owen acquired 16,000 shares of Rosehill Resources stock in a transaction that occurred on Friday, November 30th. The stock was acquired at an average cost of $3.85 per share, with a total value of $61,600.00. Following the purchase, the chief financial officer now directly owns 302,057 shares of the company’s stock, valued at $1,162,919.45. The disclosure for this purchase can be found here. Insiders purchased 46,311 shares of company stock valued at $176,084 in the last three months. 60.00% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. raised its stake in Rosehill Resources by 61.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,000 shares of the company’s stock worth $36,000 after buying an additional 6,100 shares in the last quarter. BlackRock Inc. raised its stake in Rosehill Resources by 10.7% in the fourth quarter. BlackRock Inc. now owns 112,775 shares of the company’s stock worth $251,000 after buying an additional 10,928 shares in the last quarter. Corsair Capital Management L.P. bought a new position in Rosehill Resources in the third quarter worth approximately $110,000. Northern Trust Corp raised its stake in Rosehill Resources by 150.8% in the fourth quarter. Northern Trust Corp now owns 40,343 shares of the company’s stock worth $90,000 after buying an additional 24,258 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in Rosehill Resources in the third quarter worth approximately $153,000. 15.78% of the stock is owned by institutional investors.

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.

See Also: Why do company’s buyback their stock?

Receive News & Ratings for Rosehill Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rosehill Resources and related companies with MarketBeat.com's FREE daily email newsletter.