Rosetta Resources COO John Dewey Clayton Sells 25,000 Shares (ROSE)
Rosetta Resources (NASDAQ:ROSE) COO John Dewey Clayton sold 25,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $48.97, for a total value of $1,224,250.00. Following the transaction, the chief operating officer now directly owns 91,980 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 stock. The company has an average rating of “Buy” and an average price target of $56.56.
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 1-year low of $40.83 and a 1-year high of $54.61. The stock’s 50-day moving average is $46.12 and its 200-day moving average is $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 last year, the company posted $0.58 earnings per share. Rosetta Resources’s revenue was up 19.4% compared to the same quarter last year. 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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