Zacks: Brokerages Expect Rosehill Resources Inc (NASDAQ:ROSE) Will Post Quarterly Sales of $79.20 Million

Equities research analysts expect that Rosehill Resources Inc (NASDAQ:ROSE) will announce sales of $79.20 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Rosehill Resources’ earnings, with the lowest sales estimate coming in at $73.80 million and the highest estimate coming in at $89.50 million. Rosehill Resources posted sales of $82.56 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The company is expected to announce its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Rosehill Resources will report full year sales of $306.28 million for the current financial year, with estimates ranging from $295.40 million to $326.20 million. For the next year, analysts anticipate that the business will post sales of $368.35 million, with estimates ranging from $324.50 million to $389.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Rosehill Resources.

Rosehill Resources (NASDAQ:ROSE) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.94). The company had revenue of $69.38 million during the quarter, compared to analysts’ expectations of $78.78 million. Rosehill Resources had a return on equity of 88.56% and a net margin of 7.70%.

Several analysts have recently commented on ROSE shares. Northland Securities reissued a “buy” rating and issued a $6.00 price objective on shares of Rosehill Resources in a research note on Sunday, September 1st. ValuEngine raised Rosehill Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised Rosehill Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Rosehill Resources presently has a consensus rating of “Buy” and an average target price of $7.63.

Shares of Rosehill Resources stock traded up $0.04 on Wednesday, hitting $1.70. The company had a trading volume of 14,400 shares, compared to its average volume of 85,276. The stock has a market capitalization of $73.91 million, a price-to-earnings ratio of 8.10 and a beta of 3.66. Rosehill Resources has a 1 year low of $1.29 and a 1 year high of $6.47. The stock has a 50 day moving average of $1.73 and a 200-day moving average of $2.96. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.44 and a current ratio of 0.44.

In related news, Director Harry Quarls acquired 25,000 shares of the stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $1.49 per share, with a total value of $37,250.00. Following the completion of the purchase, the director now directly owns 177,260 shares in the company, valued at approximately $264,117.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders bought 41,300 shares of company stock valued at $62,595 and sold 4,781 shares valued at $9,338. Corporate insiders own 80.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Rosehill Resources in the first quarter valued at approximately $40,000. Strs Ohio grew its holdings in shares of Rosehill Resources by 90.1% in the second quarter. Strs Ohio now owns 17,300 shares of the company’s stock valued at $64,000 after acquiring an additional 8,200 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Rosehill Resources by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 260,975 shares of the company’s stock valued at $916,000 after acquiring an additional 15,710 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Rosehill Resources by 4.1% in the second quarter. Russell Investments Group Ltd. now owns 415,143 shares of the company’s stock valued at $1,536,000 after acquiring an additional 16,423 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Rosehill Resources by 68.8% in the second quarter. Vanguard Group Inc. now owns 407,283 shares of the company’s stock valued at $1,507,000 after acquiring an additional 166,032 shares in the last quarter. 11.41% of the stock is owned by institutional investors.

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, 2018, its portfolio included 67 gross operated producing horizontal wells in the Northern Delaware Basin and 4 gross operated producing horizontal wells in the Southern Delaware Basin; and working interests in approximately 6,665 gross acres in the Northern Delaware Basin and 9,219 gross acres in the Southern Delaware Basin, as well as 513 gross operated and 53 non-operated potential horizontal drilling locations in the Northern and Southern Delaware Basin.

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