Roan Resources (ROAN) Reaches New 1-Year Low at $3.31

Roan Resources Inc (OTCMKTS:ROAN) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.31 and last traded at $3.32, with a volume of 2590735 shares changing hands. The stock had previously closed at $4.20.

Several equities research analysts have issued reports on ROAN shares. Zacks Investment Research raised shares of Roan Resources from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Imperial Capital started coverage on shares of Roan Resources in a report on Thursday, April 4th. They issued an “outperform” rating and a $10.00 price target on the stock.

Roan Resources (OTCMKTS:ROAN) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.05). The business had revenue of $14.90 million for the quarter, compared to analysts’ expectations of $114.68 million.

In other news, insider Tony Maranto bought 20,000 shares of Roan Resources stock in a transaction dated Friday, March 22nd. The shares were bought at an average price of $6.08 per share, for a total transaction of $121,600.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Large investors have recently modified their holdings of the company. Bailard Inc. acquired a new stake in shares of Roan Resources in the 1st quarter valued at $429,000. Marble Ridge Capital LP acquired a new position in Roan Resources during the 4th quarter worth about $19,738,000. Diamond Hill Capital Management Inc. acquired a new position in Roan Resources during the 4th quarter worth about $2,993,000. Northern Trust Corp acquired a new position in Roan Resources during the 4th quarter worth about $993,000. Finally, Two Sigma Advisers LP acquired a new position in Roan Resources during the 4th quarter worth about $199,000.

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About Roan Resources (OTCMKTS:ROAN)

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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