Roan Resources (ROAN) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Roan Resources (OTCMKTS:ROAN) announced its earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05), Fidelity Earnings reports. The firm had revenue of $14.90 million for the quarter, compared to analyst estimates of $114.68 million.

OTCMKTS ROAN traded down $0.71 during trading hours on Wednesday, reaching $4.48. 393,168 shares of the company traded hands, compared to its average volume of 365,992. Roan Resources has a 12 month low of $3.66 and a 12 month high of $19.62.

In related news, insider Tony Maranto acquired 20,000 shares of Roan Resources stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of $6.08 per share, for a total transaction of $121,600.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

An institutional investor recently bought a new position in Roan Resources stock. Geode Capital Management LLC purchased a new position in Roan Resources Inc (OTCMKTS:ROAN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 312,359 shares of the company’s stock, valued at approximately $2,617,000. Geode Capital Management LLC owned about 0.20% of Roan Resources as of its most recent filing with the Securities and Exchange Commission.

A number of research analysts have commented on ROAN shares. Zacks Investment Research upgraded shares of Roan Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Imperial Capital started coverage on shares of Roan Resources in a research note on Thursday, April 4th. They set an “outperform” rating and a $10.00 price objective on the stock.

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Roan Resources Company Profile

Linn Energy, Inc, through its equity interest in Roan Resources LLC, engages in the acquisition, exploration, and development of unconventional oil and natural gas reserves. It holds interests in various assets that cover approximately 150,000 net acres located in Merge, SCOOP, and STACK plays of the Anadarko Basin in Oklahoma.

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