Zacks Investment Research cut shares of Rosehill Resources (NASDAQ:ROSE) from a hold rating to a sell rating in a research report sent 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. “

Several other equities research analysts also recently weighed in on ROSE. ValuEngine raised shares of Rosehill Resources from a strong sell rating to a sell rating in a research note on Friday, August 24th. Seaport Global Securities began coverage on shares of Rosehill Resources in a research note on Thursday, September 20th. They issued a buy rating and a $12.00 price target for the company. Finally, Stifel Nicolaus began coverage on shares of Rosehill Resources in a research note on Thursday, August 23rd. They issued a buy rating and a $14.00 price target for the company. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $11.75.

NASDAQ ROSE traded down $0.23 during mid-day trading on Friday, reaching $5.57. 495,028 shares of the stock were exchanged, compared to its average volume of 71,926. Rosehill Resources has a one year low of $5.45 and a one year high of $10.84. The company has a market capitalization of $221.73 million, a PE ratio of -34.81 and a beta of 1.35. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 7.83.

Rosehill Resources (NASDAQ:ROSE) last announced its earnings results on Thursday, August 16th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.57. Rosehill Resources had a net margin of 13.78% and a return on equity of 118.18%. The business had revenue of $80.53 million during the quarter, compared to the consensus estimate of $70.45 million. As a group, equities analysts expect that Rosehill Resources will post -0.19 earnings per share for the current fiscal year.

In related news, Director Harry Quarls purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was purchased at an average cost of $7.28 per share, with a total value of $36,400.00. Following the completion of the purchase, the director now owns 57,562 shares in the company, valued at approximately $419,051.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Craig Owen purchased 8,840 shares of the firm’s stock in a transaction on Tuesday, October 2nd. The stock was bought at an average cost of $6.06 per share, with a total value of $53,570.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 44,340 shares of company stock valued at $276,050 and sold 113,103 shares valued at $960,344. Insiders own 60.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its holdings in shares of Rosehill Resources by 61.4% during the first quarter. Millennium Management LLC now owns 18,600 shares of the company’s stock valued at $109,000 after buying an additional 7,075 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Rosehill Resources by 5.2% during the first quarter. Wells Fargo & Company MN now owns 155,546 shares of the company’s stock valued at $913,000 after buying an additional 7,738 shares during the last quarter. Finally, Quantum Capital Management grew its holdings in shares of Rosehill Resources by 19.4% during the second quarter. Quantum Capital Management now owns 256,114 shares of the company’s stock valued at $2,080,000 after buying an additional 41,672 shares during the last quarter. Hedge funds and other institutional investors own 5.00% of the company’s stock.

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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