Roan Resources (OTCMKTS:ROAN) Trading 6.9% Higher

Roan Resources Inc (OTCMKTS:ROAN)’s share price rose 6.9% during mid-day trading on Friday . The company traded as high as $1.09 and last traded at $1.09, 291,250 shares changed hands during trading. A decline of 57% from the average session volume of 682,092 shares. The stock had previously closed at $1.02.

Separately, Zacks Investment Research downgraded Roan Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th.

The stock has a 50 day moving average of $1.31 and a 200-day moving average of $4.40.

Roan Resources (OTCMKTS:ROAN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. The company had revenue of $134.17 million for the quarter, compared to the consensus estimate of $108.18 million.

Several large investors have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new position in shares of Roan Resources during the 1st quarter valued at approximately $57,000. Avalon Advisors LLC bought a new position in Roan Resources in the 1st quarter worth approximately $61,000. Deutsche Bank AG bought a new position in Roan Resources in the 4th quarter worth approximately $118,000. First Republic Investment Management Inc. bought a new position in Roan Resources in the 2nd quarter worth approximately $25,000. Finally, Marshall Wace North America L.P. bought a new position in Roan Resources in the 1st quarter worth approximately $107,000.

Roan Resources Company Profile (OTCMKTS:ROAN)

Linn Energy, Inc, through its equity interest in Roan Resources LLC, 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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