Wall Street brokerages expect that Rosehill Resources Inc (NASDAQ:ROSE) will announce $84.47 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Rosehill Resources’ earnings, with estimates ranging from $77.00 million to $88.00 million. Rosehill Resources reported sales of $80.53 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.9%. The business is scheduled to issue its next earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Rosehill Resources will report full year sales of $331.65 million for the current fiscal year, with estimates ranging from $318.00 million to $338.30 million. For the next financial year, analysts forecast that the firm will post sales of $390.13 million, with estimates ranging from $325.50 million to $426.30 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Rosehill Resources.

Rosehill Resources (NASDAQ:ROSE) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.09. The firm had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $83.65 million. Rosehill Resources had a return on equity of 171.78% and a net margin of 6.78%.

ROSE has been the subject of a number of research analyst reports. Zacks Investment Research cut Rosehill Resources from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Northland Securities reissued a “buy” rating and set a $8.00 price target on shares of Rosehill Resources in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $8.90.

A number of hedge funds have recently modified their holdings of ROSE. SG Americas Securities LLC acquired a new position in Rosehill Resources in the first quarter valued at about $40,000. Jane Street Group LLC acquired a new stake in Rosehill Resources in the 4th quarter valued at approximately $34,000. Stratos Wealth Partners LTD. raised its position in Rosehill Resources by 61.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 16,000 shares of the company’s stock valued at $36,000 after buying an additional 6,100 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Rosehill Resources in the 4th quarter valued at approximately $63,000. Finally, Northern Trust Corp raised its position in Rosehill Resources by 150.8% in the 4th quarter. Northern Trust Corp now owns 40,343 shares of the company’s stock valued at $90,000 after buying an additional 24,258 shares during the last quarter. Institutional investors and hedge funds own 11.84% of the company’s stock.

NASDAQ ROSE traded down $0.23 during midday trading on Friday, hitting $3.51. The company had a trading volume of 3,361 shares, compared to its average volume of 117,206. The stock has a market capitalization of $153.37 million, a PE ratio of 17.81 and a beta of 3.24. The company has a debt-to-equity ratio of 4.21, a current ratio of 0.35 and a quick ratio of 0.35. Rosehill Resources has a twelve month low of $1.95 and a twelve month high of $9.44.

Rosehill Resources Company Profile

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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Earnings History and Estimates for Rosehill Resources (NASDAQ:ROSE)

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