Waldron Private Wealth LLC purchased a new position in Roan Resources Inc (OTCMKTS:ROAN) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 75,000 shares of the company’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bailard Inc. purchased a new stake in shares of Roan Resources during the first quarter worth $429,000. Northern Trust Corp purchased a new stake in shares of Roan Resources during the fourth quarter worth $993,000. Two Sigma Advisers LP purchased a new stake in shares of Roan Resources during the fourth quarter worth $199,000. Avalon Advisors LLC purchased a new stake in shares of Roan Resources during the first quarter worth $61,000. Finally, BlackRock Inc. purchased a new stake in shares of Roan Resources during the fourth quarter worth $1,498,000.

Shares of Roan Resources stock traded down $0.06 during trading hours on Wednesday, reaching $1.03. 91,520 shares of the company’s stock were exchanged, compared to its average volume of 687,656. Roan Resources Inc has a 1 year low of $1.00 and a 1 year high of $19.05. The firm has a fifty day moving average price of $1.34.

Roan Resources (OTCMKTS:ROAN) last released its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. The business had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $108.18 million.

Separately, Zacks Investment Research lowered shares of Roan Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.

Roan Resources 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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Institutional Ownership by Quarter for Roan Resources (OTCMKTS:ROAN)

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