B.Riley FBR Thinks Rosehill Resources Inc’s Stock is Going to Recover


In a report issued on November 20, Rehan Rashid from B.Riley FBR reiterated a Buy rating on Rosehill Resources Inc (ROSE), with a price target of $5. The company’s shares opened today at $4.05, close to its 52-week low of $3.88.

According to TipRanks.com, Rashid is a 3-star analyst with an average return of 2.2% and a 47.7% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Continental Resources, Lonestar Resources US, and Range Resources Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rosehill Resources Inc with a $9.75 average price target.

See today’s analyst top recommended stocks >>

Based on Rosehill Resources Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $23.44 million. In comparison, last year the company had a net profit of $1.48 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rosehill Resourcesis an oil and gas exploration company, which engages in theacquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The company was founded on April 25, 2017 and is headquartered in Houston, Texas.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts