Rosehill Resources Inc (NASDAQ:ROSE) – Equities research analysts at Seaport Global Securities raised their Q1 2019 earnings per share estimates for Rosehill Resources in a report issued on Wednesday, April 24th. Seaport Global Securities analyst M. Kelly now expects that the company will post earnings per share of $0.08 for the quarter, up from their previous estimate of $0.05. Seaport Global Securities also issued estimates for Rosehill Resources’ Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.15 EPS, FY2019 earnings at $0.54 EPS, Q1 2020 earnings at $0.32 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $0.38 EPS and FY2020 earnings at $1.43 EPS.
ROSE has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Rosehill Resources from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Wednesday, January 16th. Northland Securities set a $8.00 price objective on shares of Rosehill Resources and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus set a $10.00 price objective on shares of Rosehill Resources and gave the stock a “buy” rating in a report on Sunday, December 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $8.90.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Rosehill Resources in the fourth quarter worth $34,000. Stratos Wealth Partners LTD. increased its stake in shares of Rosehill Resources by 61.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,000 shares of the company’s stock worth $36,000 after buying an additional 6,100 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Rosehill Resources in the fourth quarter worth $63,000. Northern Trust Corp increased its stake in shares of Rosehill Resources by 150.8% in the fourth quarter. Northern Trust Corp now owns 40,343 shares of the company’s stock worth $90,000 after buying an additional 24,258 shares during the period. Finally, Geode Capital Management LLC purchased a new position in shares of Rosehill Resources in the fourth quarter worth $127,000. 12.74% of the stock is currently owned by institutional investors.
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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