Roan Resources, Inc. (NASDAQ:ROAN) Expected to Announce Quarterly Sales of $116.18 Million

Analysts expect Roan Resources, Inc. (NASDAQ:ROAN) to post $116.18 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Roan Resources’ earnings, with estimates ranging from $104.54 million to $134.00 million. The business is scheduled to report its next earnings results on Tuesday, August 13th.

On average, analysts expect that Roan Resources will report full year sales of $448.87 million for the current financial year, with estimates ranging from $369.62 million to $519.00 million. For the next financial year, analysts expect that the firm will report sales of $559.62 million, with estimates ranging from $524.00 million to $578.85 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Roan Resources.

Roan Resources (NASDAQ:ROAN) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $14.90 million during the quarter, compared to the consensus estimate of $114.68 million.

Separately, Imperial Capital lowered Roan Resources from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $10.00 to $6.00 in a report on Thursday, May 16th.

Shares of NASDAQ:ROAN opened at $1.52 on Wednesday. Roan Resources has a one year low of $1.02 and a one year high of $19.45. The firm’s fifty day moving average is $2.64.

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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