Separately, Zacks Investment Research cut Roan Resources from a hold rating to a sell rating in a research note on Saturday, November 23rd.
Shares of NYSE ROAN remained flat at $$1.52 on Tuesday. 615,642 shares of the company’s stock were exchanged, compared to its average volume of 771,168. The company has a 50 day moving average of $1.51 and a 200 day moving average of $1.34. Roan Resources has a fifty-two week low of $1.00 and a fifty-two week high of $11.64. The stock has a market cap of $234.59 million and a P/E ratio of 1.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.52.
Roan Resources (NYSE:ROAN) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $133.06 million during the quarter, compared to analysts’ expectations of $107.39 million. Roan Resources had a return on equity of 4.84% and a net margin of 23.21%. Analysts expect that Roan Resources will post 0.41 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in ROAN. First Republic Investment Management Inc. purchased a new position in Roan Resources in the 2nd quarter worth about $25,000. Stone Ridge Asset Management LLC purchased a new position in shares of Roan Resources during the second quarter valued at approximately $48,000. Resource Management LLC bought a new position in Roan Resources during the second quarter valued at approximately $56,000. Russell Investments Group Ltd. bought a new position in Roan Resources during the third quarter valued at approximately $41,000. Finally, Wells Fargo & Company MN boosted its holdings in Roan Resources by 5,928.8% in the second quarter. Wells Fargo & Company MN now owns 34,364 shares of the company’s stock worth $59,000 after purchasing an additional 33,794 shares during the last quarter. 67.55% of the stock is owned by institutional investors.
Roan Resources Company Profile
Linn Energy, Inc, through its equity interest in Roan Resources LLC, engages in the acquisition, exploration, and development of unconventional oil and natural gas reserves. It holds interests in various assets that cover approximately 150,000 net acres located in Merge, SCOOP, and STACK plays of the Anadarko Basin in Oklahoma.
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