Rosehill Resources Inc (NASDAQ:ROSE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus target price of $11.75 for the company and are forecasting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Rosehill Resources an industry rank of 72 out of 265 based on the ratings given to its competitors.
ROSE has been the topic of several research reports. ValuEngine cut Rosehill Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Northland Securities initiated coverage on Rosehill Resources in a report on Wednesday, January 17th. They issued an “outperform” rating and a $14.00 price target on the stock. Finally, B. Riley initiated coverage on Rosehill Resources in a report on Monday, February 5th. They issued a “buy” rating and a $9.50 price target on the stock.
In other Rosehill Resources news, major shareholder Geode Capital Master Fund Ltd. sold 61,420 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $8.21, for a total value of $504,258.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry Quarls purchased 5,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was bought at an average cost of $8.49 per share, for a total transaction of $42,450.00. Following the acquisition, the director now directly owns 25,109 shares of the company’s stock, valued at approximately $213,175.41. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 12,037 shares of company stock worth $95,189 and sold 107,705 shares worth $913,699.
Large investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new stake in Rosehill Resources during the 3rd quarter valued at $1,140,000. BlackRock Inc. raised its stake in Rosehill Resources by 12.6% during the 4th quarter. BlackRock Inc. now owns 131,055 shares of the company’s stock valued at $1,031,000 after purchasing an additional 14,619 shares during the period. Geode Capital Management LLC acquired a new stake in Rosehill Resources during the 4th quarter valued at $406,000. Finally, Wells Fargo & Company MN raised its stake in Rosehill Resources by 10.2% during the 4th quarter. Wells Fargo & Company MN now owns 147,808 shares of the company’s stock valued at $1,162,000 after purchasing an additional 13,633 shares during the period. 5.61% of the stock is currently owned by institutional investors.
Rosehill Resources (ROSE) opened at $7.15 on Tuesday. The stock has a market capitalization of $41.87 and a price-to-earnings ratio of -7.45. Rosehill Resources has a twelve month low of $5.52 and a twelve month high of $11.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.30 and a quick ratio of 0.29.
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About Rosehill Resources
Rosehill Resources Inc, formerly KLR Energy Acquisition Corp., is an oil and gas exploration company. The Company is focused on the Delaware Basin portion of the Permian Basin. It has nearly 5,000 net acres with approximately 80% held by production and drilling locations. Its drilling locations are located across ten distinct benches.
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