Roan Resources (ROAN) Set to Announce Earnings on Tuesday

Roan Resources (OTCMKTS:ROAN) will be announcing its Q1 earnings results after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

Roan Resources (OTCMKTS:ROAN) last announced its earnings results on Monday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $307.05 million during the quarter, compared to analysts’ expectations of $143.00 million.

Shares of OTCMKTS ROAN opened at $5.25 on Friday. Roan Resources has a 52-week low of $3.66 and a 52-week high of $19.82.

ROAN has been the subject of a number of research analyst reports. Zacks Investment Research raised Roan Resources from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Imperial Capital initiated coverage on Roan Resources in a research report on Thursday, April 4th. They issued an “outperform” rating and a $10.00 target price for the company.

In related news, insider Tony Maranto acquired 20,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of $6.08 per share, with a total value of $121,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

An institutional investor recently bought a new position in Roan Resources stock. Geode Capital Management LLC acquired a new position in shares of Roan Resources Inc (OTCMKTS:ROAN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 312,359 shares of the company’s stock, valued at approximately $2,617,000. Geode Capital Management LLC owned approximately 0.20% of Roan Resources at the end of the most recent quarter.

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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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