Rosehill Resources’ (ROSE) “Buy” Rating Reaffirmed at Northland Securities

Northland Securities restated their buy rating on shares of Rosehill Resources (NASDAQ:ROSE) in a report published on Monday morning, AnalystRatings.com reports. The firm currently has a $8.00 price objective on the stock.

“We took ROSE management on an NDR last week, including its new CEO, David French, who was appointed to the role in March 2019. The trip reaffirmed our view that the company holds underappreciated assets and has a solid game plan in place to address pushbacks on the story including a smaller acreage position and complicated balance sheet. We also came away impressed with Mr. French’s abilities to lead ROSE and think he helps improve ROSE’s ability to tell the story to the street. Ongoing: A topic that was almost universally brought up in meetings was its potential sale of northern Delaware Basin water infrastructure assets. Management noted that the process continues and that a sale in 2019 is still likely. We think potential proceeds are in the $50MM-$75MM range.”,” Northland Securities’ analyst wrote.

Separately, Zacks Investment Research upgraded shares of Icon from a hold rating to a buy rating and set a $157.00 price target for the company in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Rosehill Resources has a consensus rating of Buy and an average target price of $8.90.

Rosehill Resources stock opened at $3.08 on Monday. The business’s 50-day moving average price is $3.28. The company has a market capitalization of $136.58 million, a price-to-earnings ratio of 14.67 and a beta of 3.42. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.21. Rosehill Resources has a one year low of $1.95 and a one year high of $9.22.

Rosehill Resources (NASDAQ:ROSE) last released its quarterly earnings results on Tuesday, May 14th. The company reported $3.16 EPS for the quarter, topping the consensus estimate of $0.06 by $3.10. The business had revenue of $71.86 million during the quarter, compared to analyst estimates of $74.48 million. Rosehill Resources had a net margin of 6.78% and a return on equity of 171.78%. As a group, research analysts expect that Rosehill Resources will post 0.14 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Rosehill Resources by 10.7% in the 4th quarter. BlackRock Inc. now owns 112,775 shares of the company’s stock valued at $251,000 after buying an additional 10,928 shares in the last quarter. SG Americas Securities LLC bought a new position in Rosehill Resources in the 1st quarter valued at about $40,000. Cubic Asset Management LLC grew its position in Rosehill Resources by 11.5% in the 1st quarter. Cubic Asset Management LLC now owns 117,075 shares of the company’s stock valued at $398,000 after buying an additional 12,075 shares in the last quarter. Jane Street Group LLC bought a new position in Rosehill Resources in the 4th quarter valued at about $34,000. Finally, Quantum Capital Management grew its position in Rosehill Resources by 2.6% in the 1st quarter. Quantum Capital Management now owns 937,661 shares of the company’s stock valued at $3,188,000 after buying an additional 23,373 shares in the last quarter. Institutional investors and hedge funds own 10.72% 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, 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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Analyst Recommendations for Rosehill Resources (NASDAQ:ROSE)

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