Rosehill Resources Inc (ROSE) Gets a Buy Rating from Northland Securities


Northland Securities analyst Jeff Grampp reiterated a Buy rating on Rosehill Resources Inc (ROSE) today and set a price target of $6. The company’s shares closed last Monday at $1.84, close to its 52-week low of $1.29.

Grampp said:

“We reiterate our Outperform rating and $6 PT. Key Points Production Update: ROSE expects 3Q19 production to be 20,000-21,000 BOEPD, in-line with our estimate of 20,256 but slightly below consensus of 21,221 BOEPD. Additionally, production thus far in September has averaged over 22,000 BOEPD, which would appear to set the company up well for 4Q19 given consensus of 22,052 BOEPD and our estimate of 21,471 BOEPD.”

According to TipRanks.com, Grampp is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.8% and a 25.7% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rosehill Resources Inc with a $6 average price target.

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The company has a one-year high of $8.75 and a one-year low of $1.29. Currently, Rosehill Resources Inc has an average volume of 68.25K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ROSE in relation to earlier this year.

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Rosehill Resources, Inc. engages in the production of oil and natural gas. It focuses on the acquisition, exploration, and development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The company was founded on September 21, 2015 and is headquartered in Houston, TX.

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