Rosehill Resources Inc (NASDAQ:ROSE) Expected to Post Quarterly Sales of $85.00 Million

Wall Street analysts expect Rosehill Resources Inc (NASDAQ:ROSE) to post $85.00 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Rosehill Resources’ earnings. The highest sales estimate is $88.30 million and the lowest is $77.00 million. Rosehill Resources posted sales of $80.53 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The business is expected to report its next quarterly earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Rosehill Resources will report full year sales of $329.12 million for the current financial year, with estimates ranging from $312.20 million to $340.90 million. For the next year, analysts anticipate that the company will post sales of $385.52 million, with estimates ranging from $325.50 million to $426.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Rosehill Resources.

Rosehill Resources (NASDAQ:ROSE) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Rosehill Resources had a net margin of 6.78% and a return on equity of 171.78%. The business had revenue of $83.01 million for the quarter, compared to analysts’ expectations of $83.65 million.

A number of analysts have recently weighed in on ROSE shares. Zacks Investment Research lowered Rosehill Resources from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Northland Securities reissued a “buy” rating and set a $8.00 price objective on shares of Rosehill Resources in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $8.90.

Several large investors have recently added to or reduced their stakes in ROSE. Jane Street Group LLC purchased a new stake in shares of Rosehill Resources during the fourth quarter valued at approximately $34,000. Stratos Wealth Partners LTD. lifted its stake in 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 acquiring an additional 6,100 shares during the period. SG Americas Securities LLC purchased a new stake in Rosehill Resources in the first quarter worth $40,000. Bank of New York Mellon Corp purchased a new stake in Rosehill Resources in the fourth quarter worth $63,000. Finally, Northern Trust Corp lifted its stake in 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 acquiring an additional 24,258 shares during the period. 10.72% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:ROSE traded down $0.07 during trading on Monday, reaching $3.03. 84,585 shares of the company traded hands, compared to its average volume of 60,416. The firm has a market cap of $137.03 million, a PE ratio of 14.43 and a beta of 3.42. Rosehill Resources has a 52-week low of $1.95 and a 52-week high of $9.44. The company has a debt-to-equity ratio of 4.21, a quick ratio of 0.35 and a current ratio of 0.35.

About Rosehill Resources

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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Earnings History and Estimates for Rosehill Resources (NASDAQ:ROSE)

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