Insider Selling: Gerald Lewis Maxwell Sells 10,000 Shares of Rosetta Resources Stock (ROSE)
Rosetta Resources (NASDAQ:ROSE) VP Gerald Lewis Maxwell sold 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $48.75, for a total transaction of $487,500.00. Following the sale, the vice president now directly owns 60,946 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ROSE has been the subject of a number of recent research reports. Analysts at Miller Tabak reiterated a “buy” rating on shares of Rosetta Resources (NASDAQ:ROSE) in a research note to investors on Tuesday, September 3rd. They now have a $55.00 price target on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Rosetta Resources (NASDAQ:ROSE) from $50.00 to $48.00 in a research note to investors on Tuesday, September 3rd. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Rosetta Resources (NASDAQ:ROSE) from $60.00 to $58.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock.
Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $56.56.
Shares of Rosetta Resources (NASDAQ:ROSE) traded up 0.24% on Tuesday, hitting $49.11. The stock had a trading volume of 946,399 shares. Rosetta Resources has a 52 week low of $40.83 and a 52 week high of $54.61. The stock has a 50-day moving average of $46.12 and a 200-day moving average of $46.25. The company has a market cap of $3.001 billion and a P/E ratio of 14.18.
Rosetta Resources (NASDAQ:ROSE) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.09. The company had revenue of $236.50 million for the quarter, compared to the consensus estimate of $217.29 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Analysts expect that Rosetta Resources will post $3.86 EPS for the current fiscal year.
Rosetta Resources Inc (NASDAQ:ROSE) is an independent exploration and production company engaged in the acquisition and development of onshore energy resources in the United States of America.
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