Roan Resources, Inc. (ROAN) Receives Consensus Recommendation of “Buy” from Analysts

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Roan Resources, Inc. (NASDAQ:ROAN) has received a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Roan Resources’ rating score has declined by 16.5% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokers have set a 12 month consensus price objective of $7.00 for the company and are anticipating that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Roan Resources an industry rank of 49 out of 256 based on the ratings given to related companies.

A number of equities analysts have issued reports on the company. Imperial Capital downgraded Roan Resources from an “outperform” rating to an “in-line” rating and decreased their price objective for the stock from $10.00 to $6.00 in a report on Thursday, May 16th. Ifs Securities restated a “market perform” rating on shares of Roan Resources in a report on Sunday, February 3rd.

ROAN stock traded up $0.05 on Wednesday, reaching $2.86. The company’s stock had a trading volume of 6,416 shares, compared to its average volume of 450,221. Roan Resources has a 12-month low of $2.75 and a 12-month high of $19.45.

Roan Resources (NASDAQ:ROAN) last announced its quarterly earnings results on Monday, March 18th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The company had revenue of $307.05 million during the quarter, compared to the consensus estimate of $143.00 million.

About Roan Resources

Roan Resources, Inc, an independent oil and natural gas company, 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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