Rosehill Resources Inc (NASDAQ:ROSE)’s share price shot up 3.7% during mid-day trading on Thursday . The stock traded as high as $0.43 and last traded at $0.38, 3,893,915 shares changed hands during mid-day trading. An increase of 176% from the average session volume of 1,408,501 shares. The stock had previously closed at $0.36.

Several brokerages have issued reports on ROSE. ValuEngine raised shares of Rosehill Resources from a “sell” rating to a “hold” rating in a report on Tuesday, July 7th. Alliance Global Partners cut shares of Rosehill Resources from a “neutral” rating to a “sell” rating in a report on Tuesday, July 7th. Finally, Zacks Investment Research raised shares of Rosehill Resources from a “sell” rating to a “hold” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.25.

The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.85. The firm’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $0.62. The stock has a market capitalization of $16.21 million, a PE ratio of -0.07 and a beta of 2.96.

Rosehill Resources (NASDAQ:ROSE) last released its quarterly earnings data on Thursday, July 2nd. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.54. Rosehill Resources had a negative net margin of 35.02% and a positive return on equity of 34.62%. The firm had revenue of $60.19 million during the quarter.

A hedge fund recently raised its stake in Rosehill Resources stock. State Street Corp increased its stake in shares of Rosehill Resources Inc (NASDAQ:ROSE) by 51.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,257 shares of the company’s stock after purchasing an additional 29,741 shares during the period. State Street Corp owned approximately 0.20% of Rosehill Resources worth $36,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 8.94% of the company’s stock.

About Rosehill Resources (NASDAQ:ROSE)

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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