Rosehill Resources Inc (ROSE) Forecasted to Post Q4 2019 Earnings of $0.27 Per Share

Rosehill Resources Inc (NASDAQ:ROSE) – Equities researchers at B. Riley lowered their Q4 2019 earnings estimates for Rosehill Resources in a research note issued to investors on Wednesday, November 21st. B. Riley analyst R. Rashid now anticipates that the company will earn $0.27 per share for the quarter, down from their previous forecast of $0.29. B. Riley also issued estimates for Rosehill Resources’ Q1 2020 earnings at $0.34 EPS, Q2 2020 earnings at $0.41 EPS and FY2020 earnings at $1.79 EPS.

ROSE has been the subject of several other research reports. Zacks Investment Research raised Rosehill Resources from a “sell” rating to a “hold” rating and set a $6.00 price target for the company in a research report on Wednesday, October 24th. ValuEngine downgraded Rosehill Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, September 28th. Stifel Nicolaus began coverage on Rosehill Resources in a research report on Thursday, August 23rd. They issued a “buy” rating and a $14.00 price objective for the company. Seaport Global Securities began coverage on Rosehill Resources in a research report on Thursday, September 20th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, SunTrust Banks began coverage on Rosehill Resources in a research report on Friday, October 19th. They issued a “buy” rating and a $10.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Rosehill Resources presently has a consensus rating of “Buy” and an average target price of $11.07.

Rosehill Resources stock opened at $3.99 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 firm has a market cap of $181.99 million, a price-to-earnings ratio of -24.94 and a beta of 1.41. Rosehill Resources has a fifty-two week low of $3.88 and a fifty-two week high of $9.44.

Rosehill Resources (NASDAQ:ROSE) last released its quarterly earnings results on Friday, November 9th. The company reported $5.45 earnings per share for the quarter, topping the consensus estimate of $0.14 by $5.31. The company had revenue of $82.56 million during the quarter, compared to the consensus estimate of $77.78 million. Rosehill Resources had a positive return on equity of 713.01% and a negative net margin of 0.02%.

A number of hedge funds have recently bought and sold shares of ROSE. Millennium Management LLC grew its position in Rosehill Resources by 61.4% during the first 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. Corsair Capital Management L.P. purchased a new stake in Rosehill Resources during the third quarter valued at about $110,000. Laurion Capital Management LP purchased a new stake in Rosehill Resources during the third quarter valued at about $153,000. Monashee Investment Management LLC purchased a new stake in Rosehill Resources during the third quarter valued at about $519,000. Finally, Hound Partners LLC purchased a new stake in Rosehill Resources during the third quarter valued at about $583,000. 9.74% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Harry Quarls purchased 7,860 shares of the stock in a transaction on Thursday, November 15th. The stock was purchased at an average price of $4.39 per share, with a total value of $34,505.40. Following the completion of the transaction, the director now owns 99,349 shares in the company, valued at $436,142.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Craig Owen purchased 8,840 shares of the stock in a transaction on Tuesday, October 2nd. The shares were purchased 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. In the last ninety days, insiders bought 67,200 shares of company stock valued at $359,755 and sold 80,373 shares valued at $673,233. 60.00% of the stock is owned by insiders.

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

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