Zacks Investment Research downgraded shares of Rosehill Resources (NASDAQ:ROSE) from a buy rating to a hold rating in a research note published on Saturday.

According to Zacks, “Rosehill Resources Inc. is an oil and gas exploration company. Its principally producing assets located in Texas and New Mexico and its investment activity will be focused on the Delaware Basin portion of the Permian Basin. Rosehill Resources Inc., formerly known as KLR Energy Acquisition Corp., is based in Houston, United States. “

Several other brokerages have also weighed in on ROSE. Northland Securities reissued a buy rating and set a $8.00 price objective on shares of Rosehill Resources in a report on Friday, March 8th. Stifel Nicolaus set a $10.00 price objective on Rosehill Resources and gave the company a buy rating in a report on Sunday, December 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $8.70.

NASDAQ ROSE traded down $0.24 on Friday, hitting $3.20. 137,985 shares of the stock traded hands, compared to its average volume of 87,382. Rosehill Resources has a 12 month low of $1.95 and a 12 month high of $9.44. The firm has a market cap of $139.32 million, a price-to-earnings ratio of -20.00 and a beta of 2.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 7.83.

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC bought a new position in shares of Rosehill Resources in the fourth quarter worth $127,000. Jane Street Group LLC bought a new position in shares of Rosehill Resources in the fourth quarter worth $34,000. Q Global Advisors LLC boosted its holdings in shares of Rosehill Resources by 155.7% in the fourth quarter. Q Global Advisors LLC now owns 418,823 shares of the company’s stock worth $934,000 after acquiring an additional 255,000 shares during the period. Telemetry Investments L.L.C. boosted its holdings in shares of Rosehill Resources by 896.1% in the fourth quarter. Telemetry Investments L.L.C. now owns 249,033 shares of the company’s stock worth $555,000 after acquiring an additional 224,033 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of 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. 12.75% of the stock is owned by hedge funds and other institutional investors.

Rosehill Resources Company Profile

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, 2017, its portfolio included 39 gross operated producing horizontal wells and 3 gross operated horizontal wells in the Northern Delaware Basin; and working interests in approximately 14,762 gross acres in the Northern and Southern Delaware Basin with an inventory of 530 gross operated and non-operated potential horizontal drilling locations.

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