$117.39 Million in Sales Expected for Roan Resources, Inc. (ROAN) This Quarter

Analysts expect Roan Resources, Inc. (NASDAQ:ROAN) to post sales of $117.39 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Roan Resources’ earnings. The lowest sales estimate is $97.00 million and the highest is $132.00 million. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, May 14th.

According to Zacks, analysts expect that Roan Resources will report full year sales of $544.01 million for the current year, with estimates ranging from $495.00 million to $584.00 million. For the next financial year, analysts expect that the company will post sales of $686.07 million, with estimates ranging from $644.00 million to $723.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Roan Resources.

Roan Resources (NASDAQ:ROAN) last released its quarterly earnings results on Monday, March 18th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.07). The business had revenue of $307.05 million for the quarter, compared to analyst estimates of $143.00 million.

Several equities research analysts have recently issued reports on ROAN shares. Imperial Capital restated an “outperform” rating on shares of Roan Resources in a report on Thursday, April 4th. Ifs Securities restated a “market perform” rating on shares of Roan Resources in a report on Sunday, February 3rd.

Shares of ROAN stock traded up $0.31 on Thursday, hitting $4.43. 866,090 shares of the stock traded hands, compared to its average volume of 230,736. Roan Resources has a 52 week low of $3.66 and a 52 week high of $19.82.

About Roan Resources

Roan Resources, Inc, an independent oil and natural gas company, 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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