Rosehill Resources (ROSE) Set to Announce Quarterly Earnings on Thursday

Rosehill Resources (NASDAQ:ROSE) will be issuing its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Rosehill Resources (NASDAQ:ROSE) last issued its earnings results on Thursday, August 16th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.57. The firm had revenue of $80.53 million for the quarter, compared to analysts’ expectations of $70.45 million. Rosehill Resources had a net margin of 13.78% and a return on equity of 118.18%. On average, analysts expect Rosehill Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ:ROSE opened at $5.26 on Thursday. The company has a market capitalization of $181.74 million, a P/E ratio of -32.88 and a beta of 1.33. Rosehill Resources has a fifty-two week low of $4.64 and a fifty-two week high of $10.84. The company has a debt-to-equity ratio of 7.83, a quick ratio of 0.43 and a current ratio of 0.43.

ROSE has been the topic of several analyst reports. ValuEngine raised shares of Rosehill Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, July 12th. Zacks Investment Research cut shares of Rosehill Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 14th. Stifel Nicolaus initiated coverage on shares of Rosehill Resources in a report on Thursday, August 23rd. They issued a “buy” rating and a $14.00 target price on the stock. Seaport Global Securities initiated coverage on shares of Rosehill Resources in a report on Thursday, September 20th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, TheStreet cut shares of Rosehill Resources from a “c-” rating to a “d+” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $11.07.

In other Rosehill Resources news, major shareholder Principal Fund L.P. K2 sold 32,430 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $8.77, for a total value of $284,411.10. Following the transaction, the insider now directly owns 268,769 shares in the company, valued at $2,357,104.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Craig Owen purchased 8,840 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was bought at an average price of $6.06 per share, for a total transaction of $53,570.40. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 44,340 shares of company stock worth $276,050 and sold 112,803 shares worth $957,644. Corporate insiders own 60.00% of the company’s stock.

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 for Rosehill Resources (NASDAQ:ROSE)

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