Equities analysts forecast that Rosehill Resources Inc (NASDAQ:ROSE) will announce sales of $80.63 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Rosehill Resources’ earnings, with estimates ranging from $75.50 million to $89.50 million. Rosehill Resources posted sales of $82.56 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Rosehill Resources will report full-year sales of $307.98 million for the current fiscal year, with estimates ranging from $299.20 million to $326.20 million. For the next financial year, analysts anticipate that the business will report sales of $374.25 million, with estimates ranging from $334.10 million to $398.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Rosehill Resources.

Several analysts have recently commented on ROSE shares. Northland Securities reiterated a “buy” rating and set a $6.00 price objective on shares of Rosehill Resources in a report on Sunday, September 1st. Zacks Investment Research lowered Rosehill Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.50.

Shares of ROSE traded up $0.13 during midday trading on Monday, hitting $1.93. 269,069 shares of the company’s stock traded hands, compared to its average volume of 89,652. Rosehill Resources has a 1 year low of $1.29 and a 1 year high of $8.75. The firm’s fifty day moving average is $1.90 and its 200-day moving average is $3.10. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 3.02. The stock has a market capitalization of $85.42 million, a price-to-earnings ratio of 9.19 and a beta of 3.61.

In other news, Director Harry Quarls bought 25,000 shares of Rosehill Resources stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average price of $1.49 per share, for a total transaction of $37,250.00. Following the purchase, the director now directly owns 177,260 shares of the company’s stock, valued at approximately $264,117.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 41,300 shares of company stock valued at $62,595 in the last 90 days. 80.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Rosehill Resources by 304.2% in the 2nd quarter. BlackRock Inc. now owns 458,467 shares of the company’s stock worth $1,696,000 after acquiring an additional 345,043 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Rosehill Resources by 4.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 415,143 shares of the company’s stock worth $1,536,000 after acquiring an additional 16,423 shares during the last quarter. Vanguard Group Inc. grew its position in Rosehill Resources by 68.8% during the 2nd quarter. Vanguard Group Inc. now owns 407,283 shares of the company’s stock worth $1,507,000 after purchasing an additional 166,032 shares during the period. JPMorgan Chase & Co. grew its position in Rosehill Resources by 6.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 260,975 shares of the company’s stock worth $916,000 after purchasing an additional 15,710 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Rosehill Resources by 43.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 87,879 shares of the company’s stock worth $325,000 after purchasing an additional 26,704 shares during the period. Institutional investors own 11.41% of the company’s stock.

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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