Rosehill Resources Inc (NASDAQ:ROSE) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 469,500 shares, a drop of 13.0% from the September 30th total of 539,700 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average trading volume of 49,100 shares, the days-to-cover ratio is currently 9.6 days.
Several research analysts have recently commented on ROSE shares. Seaport Global Securities lowered Rosehill Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. ValuEngine upgraded Rosehill Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Rosehill Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Northland Securities restated a “buy” rating and set a $6.00 price objective on shares of Rosehill Resources in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.83.
NASDAQ:ROSE traded down $0.04 during midday trading on Friday, reaching $1.35. 95,500 shares of the company traded hands, compared to its average volume of 32,736. The company has a fifty day moving average price of $1.59 and a 200 day moving average price of $2.56. The firm has a market capitalization of $65.94 million, a price-to-earnings ratio of 6.43 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. Rosehill Resources has a twelve month low of $1.29 and a twelve month high of $5.26.
Rosehill Resources (NASDAQ:ROSE) last announced its earnings results on Thursday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.22. The company had revenue of $76.26 million for the quarter, compared to analyst estimates of $75.05 million. Rosehill Resources had a return on equity of 25.60% and a net margin of 25.28%. On average, equities research analysts forecast that Rosehill Resources will post 0.12 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Rosehill Resources by 304.2% during the second quarter. BlackRock Inc. now owns 458,467 shares of the company’s stock valued at $1,696,000 after buying an additional 345,043 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Rosehill Resources by 68.8% during the second quarter. Vanguard Group Inc. now owns 407,283 shares of the company’s stock valued at $1,507,000 after buying an additional 166,032 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Rosehill Resources by 34.5% during the third quarter. Russell Investments Group Ltd. now owns 558,275 shares of the company’s stock valued at $1,089,000 after buying an additional 143,132 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Rosehill Resources by 43.7% during the second quarter. Parametric Portfolio Associates LLC now owns 87,879 shares of the company’s stock valued at $325,000 after buying an additional 26,704 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Rosehill Resources during the second quarter valued at $94,000. 11.53% of the stock is currently owned by institutional investors.
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.
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