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


In a report released today, Jeff Grampp from Northland Securities maintained a Buy rating on Rosehill Resources Inc (ROSE), with a price target of $8. The company’s shares closed on Friday at $3.25.

Grampp wrote:

“We took ROSE management on an NDR last week, including its new CEO, David French, who was appointed to the role in March 2019. The trip reaffirmed our view that the company holds underappreciated assets and has a solid game plan in place to address pushbacks on the story including a smaller acreage position and complicated balance sheet. We also came away impressed with Mr. French’s abilities to lead ROSE and think he helps improve ROSE’s ability to tell the story to the street. Ongoing: A topic that was almost universally brought up in meetings was its potential sale of northern Delaware Basin water infrastructure assets. Management noted that the process continues and that a sale in 2019 is still likely. We think potential proceeds are in the $50MM-$75MM range.”

According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.5% and a 26.2% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.

Rosehill Resources Inc has an analyst consensus of Moderate Buy, with a price target consensus of $8.

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The company has a one-year high of $9.24 and a one-year low of $1.95. Currently, Rosehill Resources Inc has an average volume of 103.2K.

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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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