Roan Resources (OTCMKTS:ROAN) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Roan Resources Inc. is an oil and natural gas company. It focused on the development, exploration and acquisition of unconventional oil and natural gas reserves in the Merge, SCOOP and STACK plays of the Anadarko Basin in Oklahoma. Roan Resources Inc. is headquartered in Oklahoma City. “
Separately, Imperial Capital started coverage on shares of Roan Resources in a research report on Thursday, April 4th. They set an outperform rating and a $10.00 price objective on the stock.
Roan Resources (OTCMKTS:ROAN) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.05). The business had revenue of $14.90 million for the quarter, compared to analyst estimates of $114.68 million.
In related news, insider Tony Maranto acquired 20,000 shares of Roan Resources stock in a transaction on Friday, March 22nd. The shares were acquired at an average cost of $6.08 per share, with a total value of $121,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Large investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in shares of Roan Resources in the 4th quarter worth about $65,000. Parallel Advisors LLC purchased a new stake in shares of Roan Resources in the 1st quarter worth about $57,000. Avalon Advisors LLC purchased a new stake in shares of Roan Resources in the 1st quarter worth about $61,000. Dean Capital Investments Management LLC purchased a new stake in shares of Roan Resources in the 4th quarter worth about $84,000. Finally, Citigroup Inc. purchased a new stake in shares of Roan Resources in the 4th quarter worth about $100,000.
About Roan Resources
Linn Energy, Inc, through its equity interest in Roan Resources LLC, engages in the acquisition, exploration, and development of unconventional oil and natural gas reserves. It holds interests in various assets that cover approximately 150,000 net acres located in Merge, SCOOP, and STACK plays of the Anadarko Basin in Oklahoma.
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