Roan Resources Inc (OTCMKTS:ROAN) – Research analysts at Imperial Capital decreased their Q2 2019 earnings estimates for Roan Resources in a note issued to investors on Thursday, May 16th. Imperial Capital analyst I. Haas now forecasts that the company will post earnings of $0.10 per share for the quarter, down from their prior estimate of $0.17. Imperial Capital has a “Outperform” rating and a $10.00 price objective on the stock. Imperial Capital also issued estimates for Roan Resources’ Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.15 EPS, Q1 2020 earnings at $0.19 EPS, Q2 2020 earnings at $0.17 EPS and Q3 2020 earnings at $0.17 EPS.
Roan Resources (OTCMKTS:ROAN) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The business had revenue of $14.90 million for the quarter, compared to analyst estimates of $114.68 million.
Shares of ROAN stock opened at $3.32 on Friday. Roan Resources has a 52 week low of $3.31 and a 52 week high of $19.46.
In related news, insider Tony Maranto acquired 20,000 shares of the stock in a transaction on Friday, March 22nd. The shares were acquired at an average price of $6.08 per share, with a total value of $121,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Roan Resources by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 127,826 shares of the company’s stock worth $782,000 after acquiring an additional 4,125 shares during the period. Barclays PLC bought a new stake in shares of Roan Resources in the fourth quarter valued at approximately $65,000. Parallel Advisors LLC bought a new stake in shares of Roan Resources in the first quarter valued at approximately $57,000. Avalon Advisors LLC bought a new stake in shares of Roan Resources in the first quarter valued at approximately $61,000. Finally, Dean Capital Investments Management LLC bought a new stake in shares of Roan Resources in the fourth quarter valued at approximately $84,000.
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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