Rosehill Resources Inc (NASDAQ:ROSE) Expected to Announce Earnings of $0.05 Per Share

Wall Street brokerages predict that Rosehill Resources Inc (NASDAQ:ROSE) will report $0.05 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Rosehill Resources’ earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.13. Rosehill Resources reported earnings per share of $0.11 in the same quarter last year, which would suggest a negative year over year growth rate of 54.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, March 25th.

On average, analysts expect that Rosehill Resources will report full year earnings of $0.08 per share for the current year, with EPS estimates ranging from ($0.17) to $0.46. For the next year, analysts forecast that the firm will post earnings of $0.60 per share, with EPS estimates ranging from $0.20 to $1.13. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Rosehill Resources.

Rosehill Resources (NASDAQ:ROSE) last posted its earnings results on Thursday, November 7th. The company reported $0.26 earnings per share for the quarter, topping 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 firm had revenue of $76.26 million for the quarter, compared to analyst estimates of $75.05 million.

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

In other news, major shareholder Principal Fund L.P. K2 sold 25,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $1.15, for a total value of $28,750.00. Over the last ninety days, insiders sold 57,991 shares of company stock worth $70,633. Insiders own 80.30% of the company’s stock.

Several large investors have recently bought and sold shares of ROSE. Strs Ohio boosted its stake in shares of Rosehill Resources by 90.1% in the 2nd quarter. Strs Ohio now owns 17,300 shares of the company’s stock valued at $64,000 after purchasing an additional 8,200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rosehill Resources by 6.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 260,975 shares of the company’s stock valued at $916,000 after purchasing an additional 15,710 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Rosehill Resources by 4.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 415,143 shares of the company’s stock valued at $1,536,000 after purchasing an additional 16,423 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of Rosehill Resources in the 2nd quarter valued at $81,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 17,265 shares during the last quarter. 14.02% of the stock is currently owned by institutional investors.

ROSE traded down $0.17 during trading on Friday, reaching $1.23. 67,592 shares of the company’s stock were exchanged, compared to its average volume of 71,096. Rosehill Resources has a one year low of $1.00 and a one year high of $5.26. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $61.97 million, a PE ratio of 5.86 and a beta of 3.44. The firm has a fifty day moving average price of $1.35 and a two-hundred day moving average price of $2.14.

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, 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.

Featured Article: What is the definition of a trade war?

Get a free copy of the Zacks research report on Rosehill Resources (ROSE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Rosehill Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rosehill Resources and related companies with MarketBeat.com's FREE daily email newsletter.