Roan Resources: Should You Buy At The 52-Week Lows?

About: Roan Resources, Inc. (ROAN)
by: Aitezaz Khan
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Aitezaz Khan
Long/short equity, energy, commodities, base metals

The technical price chart suggests a rebound, but the earnings profile obscures such likelihood.

ROAN's shares dropped down significantly amid a massive sell-off in the global oil markets.

ROAN has delivered mild operational and financial performance, but the outlook is shrouded by the recent turbulence in crude oil prices.

Investors need patience and support from crude oil prices to see ROAN back on track.

ROAN Resources (NYSE:ROAN) is an E&P (read: exploration and production) company engaged in the acquisition, exploration, development and production of oil and natural gas. The company's three main operational regions include the Merge,