Roan Resources (NYSE:ROAN) Upgraded to Hold at ValuEngine

Roan Resources (NYSE:ROAN) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Roan Resources from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd.

Shares of ROAN opened at $1.51 on Tuesday. The firm has a 50-day moving average of $1.51 and a 200-day moving average of $1.34. Roan Resources has a one year low of $1.00 and a one year high of $11.64. The company has a market cap of $234.58 million and a PE ratio of 1.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90.

Roan Resources (NYSE:ROAN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Roan Resources had a net margin of 23.21% and a return on equity of 4.84%. The firm had revenue of $133.06 million during the quarter, compared to the consensus estimate of $107.39 million. Analysts expect that Roan Resources will post 0.41 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. First Republic Investment Management Inc. bought a new stake in shares of Roan Resources during the 2nd quarter worth about $25,000. Russell Investments Group Ltd. bought a new stake in shares of Roan Resources during the 3rd quarter worth about $41,000. Stone Ridge Asset Management LLC bought a new stake in shares of Roan Resources during the 2nd quarter worth about $48,000. Resource Management LLC bought a new stake in shares of Roan Resources during the 2nd quarter worth about $56,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Roan Resources by 5,928.8% during the 2nd quarter. Wells Fargo & Company MN now owns 34,364 shares of the company’s stock worth $59,000 after buying an additional 33,794 shares during the period. 67.55% of the stock is owned by institutional investors and hedge funds.

About Roan Resources

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.

Featured Article: Why are percentage decliners important?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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