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.
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.
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