Rosehill Resources Inc (NASDAQ:ROSE) Expected to Post Quarterly Sales of $81.10 Million

Brokerages predict that Rosehill Resources Inc (NASDAQ:ROSE) will announce $81.10 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Rosehill Resources’ earnings, with the lowest sales estimate coming in at $76.80 million and the highest estimate coming in at $85.60 million. Rosehill Resources posted sales of $83.01 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 25th.

On average, analysts expect that Rosehill Resources will report full-year sales of $298.73 million for the current fiscal year, with estimates ranging from $294.30 million to $303.10 million. For the next financial year, analysts forecast that the company will post sales of $351.18 million, with estimates ranging from $322.30 million to $379.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Rosehill Resources.

Rosehill Resources (NASDAQ:ROSE) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.22. The company had revenue of $76.26 million during the quarter, compared to analyst estimates of $75.05 million. Rosehill Resources had a net margin of 25.28% and a return on equity of 25.60%.

A number of equities research analysts have weighed in on ROSE shares. Seaport Global Securities downgraded Rosehill Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Northland Securities reaffirmed a “buy” rating and set a $6.00 price target on shares of Rosehill Resources in a research note on Friday, November 8th. ValuEngine upgraded Rosehill Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Rosehill Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.83.

In related news, major shareholder Principal Fund L.P. K2 sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.15, for a total value of $28,750.00. Insiders sold a total of 29,781 shares of company stock valued at $38,088 over the last three months. 80.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROSE. Strs Ohio boosted its holdings in shares of Rosehill Resources by 90.1% in the second quarter. Strs Ohio now owns 17,300 shares of the company’s stock worth $64,000 after buying an additional 8,200 shares during the period. Northern Trust Corp lifted its position in shares of Rosehill Resources by 25.2% in the 2nd quarter. Northern Trust Corp now owns 52,386 shares of the company’s stock valued at $194,000 after acquiring an additional 10,535 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Rosehill Resources in the 2nd quarter worth approximately $52,000. JPMorgan Chase & Co. boosted its stake in Rosehill Resources by 6.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 260,975 shares of the company’s stock worth $916,000 after purchasing an additional 15,710 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Rosehill Resources by 4.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 415,143 shares of the company’s stock worth $1,536,000 after purchasing an additional 16,423 shares during the period. 14.63% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ROSE traded up $0.05 during mid-day trading on Friday, reaching $1.19. 104,000 shares of the company traded hands, compared to its average volume of 79,508. Rosehill Resources has a fifty-two week low of $1.11 and a fifty-two week high of $5.26. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $59.75 million, a PE ratio of 5.67 and a beta of 3.60. The stock has a fifty day simple moving average of $1.53 and a 200-day simple moving average of $2.47.

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, 2018, its portfolio included 67 gross operated producing horizontal wells in the Northern Delaware Basin and 4 gross operated producing horizontal wells in the Southern Delaware Basin; and working interests in approximately 6,665 gross acres in the Northern Delaware Basin and 9,219 gross acres in the Southern Delaware Basin, as well as 513 gross operated and 53 non-operated potential horizontal drilling locations in the Northern and Southern Delaware Basin.

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

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