Zacks Investment Research cut shares of Rosehill Resources (NASDAQ:ROSE) from a buy rating to a hold rating in a research note issued to investors on Friday.

According to Zacks, “Rosehill Resources Inc. is an oil and gas exploration company. Its principally producing assets located in Texas and New Mexico and its investment activity will be focused on the Delaware Basin portion of the Permian Basin. Rosehill Resources Inc., formerly known as KLR Energy Acquisition Corp., is based in Houston, United States. “

ROSE has been the subject of several other reports. SunTrust Banks assumed coverage on Rosehill Resources in a research report on Friday, October 19th. They set a buy rating and a $10.00 price objective for the company. Stifel Nicolaus set a $10.00 price objective on Rosehill Resources and gave the stock a buy rating in a research report on Sunday, December 30th. Ifs Securities assumed coverage on Rosehill Resources in a research report on Monday, October 29th. They set an outperform rating 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 research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $9.50.

Shares of ROSE stock opened at $2.80 on Friday. The company has a debt-to-equity ratio of 7.83, a current ratio of 0.35 and a quick ratio of 0.35. Rosehill Resources has a 52 week low of $1.95 and a 52 week high of $9.44. The company has a market capitalization of $121.91 million, a price-to-earnings ratio of -17.50 and a beta of 3.07.

Rosehill Resources (NASDAQ:ROSE) last issued its earnings results on Friday, November 9th. The company reported $5.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $5.31. The company had revenue of $82.56 million during the quarter, compared to the consensus estimate of $77.78 million. Rosehill Resources had a positive return on equity of 713.01% and a negative net margin of 0.02%. On average, analysts predict that Rosehill Resources will post 0.19 earnings per share for the current fiscal year.

In other Rosehill Resources news, Director Harry Quarls acquired 7,860 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was purchased at an average cost of $4.39 per share, for a total transaction of $34,505.40. Following the completion of the acquisition, the director now owns 99,349 shares of the company’s stock, valued at approximately $436,142.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Craig Owen acquired 16,000 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was acquired at an average price of $3.85 per share, with a total value of $61,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 302,057 shares of the company’s stock, valued at approximately $1,162,919.45. The disclosure for this purchase can be found here. Insiders acquired 54,171 shares of company stock worth $210,589 in the last ninety days. 60.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. raised its position in shares of Rosehill Resources by 61.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 16,000 shares of the company’s stock valued at $36,000 after buying an additional 6,100 shares during the last quarter. Corsair Capital Management L.P. bought a new stake in Rosehill Resources during the third quarter worth about $110,000. Laurion Capital Management LP bought a new stake in Rosehill Resources during the third quarter worth about $153,000. BlackRock Inc. grew its stake in shares of Rosehill Resources by 10.7% during the fourth quarter. BlackRock Inc. now owns 112,775 shares of the company’s stock valued at $251,000 after purchasing an additional 10,928 shares during the last quarter. Finally, Monashee Investment Management LLC bought a new stake in shares of Rosehill Resources during the third quarter valued at approximately $519,000. 15.78% of the stock is owned by institutional investors and hedge funds.

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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