Brokerages Anticipate Rosehill Resources Inc (NASDAQ:ROSE) to Announce $0.11 Earnings Per Share

Wall Street brokerages expect Rosehill Resources Inc (NASDAQ:ROSE) to report earnings of $0.11 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Rosehill Resources’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at ($0.01). Rosehill Resources also reported earnings of $0.11 per share in the same quarter last year. The company is expected to announce its next quarterly earnings report on Wednesday, March 25th.

According to Zacks, analysts expect that Rosehill Resources will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from ($0.26) to $0.46. For the next year, analysts forecast that the company will post earnings of $0.68 per share, with EPS estimates ranging from $0.21 to $1.31. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Rosehill Resources.

Rosehill Resources (NASDAQ:ROSE) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.22. Rosehill Resources had a net margin of 25.28% and a return on equity of 25.60%. The company had revenue of $76.26 million for the quarter, compared to analyst estimates of $75.05 million.

A number of equities analysts recently issued reports on ROSE shares. Seaport Global Securities lowered shares of Rosehill Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Zacks Investment Research raised shares of Rosehill Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. ValuEngine raised shares of Rosehill Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Northland Securities reaffirmed a “buy” rating and set a $6.00 target price on shares of Rosehill Resources in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.83.

ROSE stock traded down $0.14 on Friday, reaching $1.21. 164,100 shares of the company were exchanged, compared to its average volume of 79,310. Rosehill Resources has a 12 month low of $1.18 and a 12 month high of $5.26. The stock’s fifty day moving average price is $1.56 and its 200 day moving average price is $2.51. The firm has a market capitalization of $61.52 million, a PE ratio of 5.76 and a beta of 3.60. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.87 and a quick ratio of 0.44.

A number of hedge funds have recently made changes to their positions in ROSE. Strs Ohio increased its position in Rosehill Resources by 90.1% during the second quarter. Strs Ohio now owns 17,300 shares of the company’s stock worth $64,000 after acquiring an additional 8,200 shares during the period. JPMorgan Chase & Co. increased its position in Rosehill Resources by 6.4% during the second quarter. JPMorgan Chase & Co. now owns 260,975 shares of the company’s stock worth $916,000 after acquiring an additional 15,710 shares during the period. Russell Investments Group Ltd. increased its position in Rosehill Resources by 4.1% during the second 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 period. Charles Schwab Investment Management Inc. bought a new position in Rosehill Resources during the second quarter worth $81,000. Finally, Bank of New York Mellon Corp increased its holdings in Rosehill Resources by 63.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,662 shares of the company’s stock valued at $165,000 after buying an additional 17,265 shares during the period. 14.63% of the stock is currently owned by institutional investors and hedge funds.

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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