Roan Resources Inc (OTCMKTS:ROAN)’s share price was down 9.7% during trading on Monday . The company traded as low as $3.90 and last traded at $4.00. Approximately 880,709 shares were traded during trading, an increase of 268% from the average daily volume of 239,288 shares. The stock had previously closed at $4.43.

A number of equities analysts have recently commented on ROAN shares. Zacks Investment Research upgraded shares of Roan Resources from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Imperial Capital started coverage on shares of Roan Resources in a research note on Thursday, April 4th. They set an “outperform” rating and a $10.00 price objective for the company.

Roan Resources (OTCMKTS:ROAN) last issued its earnings results on Monday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). The company had revenue of $307.05 million for the quarter, compared to analyst estimates of $143.00 million.

In other news, insider Tony Maranto bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of $6.08 per share, for a total transaction of $121,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of large investors have recently modified their holdings of ROAN. Barclays PLC acquired a new stake in Roan Resources during the fourth quarter worth approximately $65,000. Dean Capital Investments Management LLC acquired a new stake in Roan Resources during the fourth quarter worth approximately $84,000. Citigroup Inc. acquired a new stake in Roan Resources during the fourth quarter worth approximately $100,000. Deutsche Bank AG acquired a new stake in Roan Resources during the fourth quarter worth approximately $118,000. Finally, Two Sigma Advisers LP acquired a new stake in Roan Resources during the fourth quarter worth approximately $199,000.

COPYRIGHT VIOLATION WARNING: This article was published by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.dailypolitical.com/2019/04/22/roan-resources-roan-trading-down-9-7.html.

About Roan Resources (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.

Read More: Stock Symbols and CUSIP Explained

Receive News & Ratings for Roan Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roan Resources and related companies with MarketBeat.com's FREE daily email newsletter.