Shares of Roan Resources Inc (NYSE:ROAN) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a 1 year consensus target price of $5.00 for the company and are forecasting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Roan Resources an industry rank of 160 out of 255 based on the ratings given to its competitors.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Roan Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine raised shares of Roan Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd.

Large investors have recently added to or reduced their stakes in the business. First Republic Investment Management Inc. acquired a new position in shares of Roan Resources in the second quarter valued at $25,000. Russell Investments Group Ltd. acquired a new position in shares of Roan Resources in the third quarter valued at $41,000. Stone Ridge Asset Management LLC acquired a new position in shares of Roan Resources in the second quarter valued at $48,000. Resource Management LLC acquired a new position in shares of Roan Resources in the second quarter valued at $56,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Roan Resources by 5,928.8% in the second quarter. Wells Fargo & Company MN now owns 34,364 shares of the company’s stock valued at $59,000 after purchasing an additional 33,794 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

NYSE ROAN remained flat at $$1.52 on Monday. 221,643 shares of the company’s stock traded hands, compared to its average volume of 796,797. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $1.48 and a two-hundred day simple moving average of $1.32. Roan Resources has a 1 year low of $1.00 and a 1 year high of $14.20. The stock has a market capitalization of $233.04 million and a P/E ratio of 1.65.

Roan Resources (NYSE:ROAN) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Roan Resources had a return on equity of 4.84% and a net margin of 23.21%. The firm had revenue of $133.06 million for the quarter, compared to the consensus estimate of $107.39 million. On average, equities analysts expect that Roan Resources will post 0.47 EPS for the current fiscal year.

Roan Resources Company Profile

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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