Roan Resources Inc (OTCMKTS:ROAN)’s share price traded down 8.2% on Wednesday . The company traded as low as $1.01 and last traded at $1.01, 591,244 shares were traded during trading. A decline of 14% from the average session volume of 687,038 shares. The stock had previously closed at $1.10.

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

The company has a 50-day simple moving average of $1.33.

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

Several hedge funds have recently modified their holdings of ROAN. First Republic Investment Management Inc. acquired a new position in shares of Roan Resources during the second quarter worth $25,000. Stone Ridge Asset Management LLC acquired a new position in shares of Roan Resources during the second quarter worth $48,000. Resource Management LLC acquired a new position in shares of Roan Resources during the second quarter worth $56,000. Parallel Advisors LLC acquired a new position in shares of Roan Resources during the first quarter worth $57,000. Finally, Wells Fargo & Company MN increased its position in shares of Roan Resources by 5,928.8% during the second quarter. Wells Fargo & Company MN now owns 34,364 shares of the company’s stock worth $59,000 after purchasing an additional 33,794 shares in the last quarter.

Roan Resources Company Profile (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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