Roan Resources, Inc. (ROAN) Expected to Announce Quarterly Sales of $130.98 Million

Wall Street brokerages expect Roan Resources, Inc. (NASDAQ:ROAN) to announce sales of $130.98 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Roan Resources’ earnings. The highest sales estimate is $149.00 million and the lowest is $120.00 million. The business is expected to announce its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Roan Resources will report full year sales of $554.87 million for the current fiscal year, with estimates ranging from $527.00 million to $610.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $656.15 million, with estimates ranging from $640.00 million to $670.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Roan Resources.

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

A number of brokerages have recently weighed in on ROAN. Imperial Capital reiterated an “outperform” rating on shares of Roan Resources in a report on Thursday, April 4th. Ifs Securities reiterated a “market perform” rating on shares of Roan Resources in a report on Sunday, February 3rd.

Shares of ROAN traded down $0.88 during trading hours on Friday, reaching $3.32. The company’s stock had a trading volume of 2,592,500 shares, compared to its average volume of 404,104. Roan Resources has a 1-year low of $3.31 and a 1-year high of $19.46.

Roan Resources Company Profile

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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