Rosehill Resources (NASDAQ:ROSE) posted its earnings results on Friday. The company reported $5.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $5.31, Fidelity Earnings reports. The company had revenue of $82.56 million for the quarter, compared to analyst estimates of $77.78 million. Rosehill Resources had a return on equity of 118.18% and a net margin of 13.78%.

Shares of ROSE traded down $0.02 on Friday, reaching $4.48. 208,109 shares of the company’s stock traded hands, compared to its average volume of 143,035. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 7.83. The company has a market capitalization of $174.48 million, a price-to-earnings ratio of -28.00 and a beta of 1.41. Rosehill Resources has a 52-week low of $4.03 and a 52-week high of $10.34.

In other news, Director Harry Quarls bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was acquired at an average cost of $7.28 per share, with a total value of $36,400.00. Following the completion of the transaction, the director now directly owns 57,562 shares of the company’s stock, valued at approximately $419,051.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert Craig Owen bought 8,840 shares of the firm’s stock in a transaction on Tuesday, October 2nd. The stock was purchased at an average cost of $6.06 per share, with a total value of $53,570.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 44,340 shares of company stock valued at $276,050 and have sold 80,373 shares valued at $673,233. Company insiders own 60.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in Rosehill Resources by 61.4% in the first quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock worth $109,000 after buying an additional 7,075 shares during the last quarter. Wells Fargo & Company MN increased its position in Rosehill Resources by 5.2% in the first quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock worth $913,000 after buying an additional 7,738 shares during the last quarter. Quantum Capital Management increased its position in Rosehill Resources by 19.4% in the second quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock worth $2,080,000 after buying an additional 41,672 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Rosehill Resources by 287.3% in the third quarter. JPMorgan Chase & Co. now owns 508,303 shares of the company’s stock worth $3,101,000 after buying an additional 377,066 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on ROSE shares. Zacks Investment Research downgraded Rosehill Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine downgraded Rosehill Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 18th. Stifel Nicolaus started coverage on Rosehill Resources in a research report on Thursday, August 23rd. They set a “buy” rating and a $14.00 price target for the company. Seaport Global Securities started coverage on Rosehill Resources in a research report on Thursday, September 20th. They set a “buy” rating and a $12.00 price target for the company. Finally, TheStreet downgraded Rosehill Resources from a “c-” rating to a “d+” rating in a research 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 assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $11.07.

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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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