Wall Street brokerages expect that Rosehill Resources Inc (NASDAQ:ROSE) will announce $87.52 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Rosehill Resources’ earnings, with the highest sales estimate coming in at $94.00 million and the lowest estimate coming in at $81.00 million. Rosehill Resources posted sales of $28.78 million in the same quarter last year, which indicates a positive year over year growth rate of 204.1%. The company is expected to report its next earnings report on Tuesday, April 16th.
According to Zacks, analysts expect that Rosehill Resources will report full-year sales of $306.27 million for the current year, with estimates ranging from $300.00 million to $312.00 million. For the next year, analysts forecast that the company will post sales of $384.43 million, with estimates ranging from $318.40 million to $432.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Rosehill Resources.
Rosehill Resources (NASDAQ:ROSE) last posted its quarterly earnings data on Friday, November 9th. The company reported $5.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $5.31. Rosehill Resources had a negative net margin of 0.02% and a positive return on equity of 713.01%. The company had revenue of $82.56 million during the quarter, compared to analyst estimates of $77.78 million.
A number of analysts have commented on ROSE shares. TheStreet lowered shares of Rosehill Resources from a “c-” rating to a “d+” rating in a research note on Wednesday, October 17th. Ifs Securities started coverage on shares of Rosehill Resources in a research note on Monday, October 29th. They set an “outperform” rating for the company. Zacks Investment Research lowered shares of Rosehill Resources from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. ValuEngine lowered shares of Rosehill Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 18th. Finally, SunTrust Banks started coverage on shares of Rosehill Resources in a research note on Friday, October 19th. They set a “buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $11.07.
NASDAQ:ROSE opened at $3.33 on Friday. Rosehill Resources has a twelve month low of $3.24 and a twelve month high of $9.44. The company has a debt-to-equity ratio of 7.83, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $156.74 million, a PE ratio of -20.81 and a beta of 1.26.
In other news, major shareholder Principal Fund L.P. K2 sold 11,826 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $8.29, for a total value of $98,037.54. Following the completion of the sale, the insider now directly owns 252,435 shares of the company’s stock, valued at $2,092,686.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Craig Owen purchased 8,840 shares of Rosehill Resources stock in a transaction dated Tuesday, October 2nd. The stock was bought at an average cost 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 three months, insiders bought 83,200 shares of company stock valued at $421,355 and sold 80,373 shares valued at $673,233. 60.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Rosehill Resources by 61.4% in the first quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock worth $109,000 after purchasing an additional 7,075 shares in the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of Rosehill Resources in the third quarter worth approximately $110,000. Laurion Capital Management LP purchased a new stake in shares of Rosehill Resources in the third quarter worth approximately $153,000. Monashee Investment Management LLC purchased a new stake in shares of Rosehill Resources in the third quarter worth approximately $519,000. Finally, Hound Partners LLC purchased a new stake in shares of Rosehill Resources in the third quarter worth approximately $583,000. 15.86% of the stock is owned by institutional investors and hedge funds.
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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