Roan Resources (ROAN) Announces Quarterly Earnings Results

Roan Resources (OTCMKTS:ROAN) released its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.05), Fidelity Earnings reports. The business had revenue of $14.90 million for the quarter, compared to analyst estimates of $114.68 million.

OTCMKTS ROAN opened at $5.19 on Thursday. Roan Resources has a 12-month low of $3.66 and a 12-month high of $19.50.

Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Roan Resources from a “hold” rating to a “sell” rating in a report on Saturday, April 6th. Imperial Capital assumed coverage on shares of Roan Resources in a report on Thursday, April 4th. They issued an “outperform” rating and a $10.00 price target on the stock.



In other news, insider Tony Maranto purchased 20,000 shares of the business’s 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 Securities & Exchange Commission, which is available at this hyperlink.

An institutional investor recently bought a new position in Roan Resources stock. Geode Capital Management LLC acquired a new position in shares of Roan Resources Inc (OTCMKTS:ROAN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 312,359 shares of the company’s stock, valued at approximately $2,617,000. Geode Capital Management LLC owned 0.20% of Roan Resources at the end of the most recent quarter.

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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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