Insider Selling: Rosetta Resources VP Sells 8,017 Shares of Stock (ROSE)
Rosetta Resources (NASDAQ:ROSE) VP Gerald Lewis Maxwell sold 8,017 shares of the company’s stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $49.00, for a total value of $392,833.00. Following the transaction, the vice president now directly owns 66,621 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ROSE. 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 research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $56.56.
Shares of Rosetta Resources (NASDAQ:ROSE) traded up 1.65% during mid-day trading on Wednesday, hitting $49.92. 795,087 shares of the company’s stock traded hands. Rosetta Resources has a one year low of $40.83 and a one year high of $54.61. The stock has a 50-day moving average of $46.18 and a 200-day moving average of $46.24. The company has a market cap of $3.051 billion and a P/E ratio of 14.21.
Rosetta Resources (NASDAQ:ROSE) last released its earnings data 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. On average, analysts predict that Rosetta Resources will post $3.86 earnings per share 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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