Brokerages Set Rosehill Resources Inc (ROSE) Target Price at $10.00

Rosehill Resources Inc (NASDAQ:ROSE) has been assigned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.00.

A number of research firms have recently weighed in on ROSE. Zacks Investment Research upgraded shares of Rosehill Resources from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a report on Wednesday, January 16th. Northland Securities set a $8.00 price target on shares of Rosehill Resources and gave the company a “buy” rating in a report on Thursday, March 28th.

Rosehill Resources stock opened at $4.35 on Tuesday. Rosehill Resources has a twelve month low of $1.95 and a twelve month high of $9.44. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $191.71 million, a PE ratio of 20.71 and a beta of 3.24.

A number of large investors have recently modified their holdings of ROSE. Jane Street Group LLC bought a new position in Rosehill Resources during the 4th quarter valued at about $34,000. Stratos Wealth Partners LTD. grew its holdings in Rosehill Resources by 61.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,000 shares of the company’s stock valued at $36,000 after purchasing an additional 6,100 shares during the last quarter. SG Americas Securities LLC bought a new position in Rosehill Resources during the 1st quarter valued at about $40,000. Bank of New York Mellon Corp bought a new position in Rosehill Resources during the 4th quarter valued at about $63,000. Finally, Northern Trust Corp grew its holdings in Rosehill Resources by 150.8% during the 4th quarter. Northern Trust Corp now owns 40,343 shares of the company’s stock valued at $90,000 after purchasing an additional 24,258 shares during the last quarter. Institutional investors own 12.74% of the company’s stock.

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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Analyst Recommendations for Rosehill Resources (NASDAQ:ROSE)

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