Insider Selling: Rosetta Resources Director Sells 2,900 Shares of Stock (ROSE)
Rosetta Resources (NASDAQ:ROSE) Director Delton Henry Houston sold 2,900 shares of Rosetta Resources stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $49.95, for a total value of $144,855.00. Following the completion of the transaction, the director now directly owns 21,159 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 assigned a buy rating to the stock. Rosetta Resources has an average rating of “Buy” and a consensus target price of $56.56.
Shares of Rosetta Resources (NASDAQ:ROSE) traded down 0.14% on Thursday, hitting $49.85. 352,283 shares of the company’s stock traded hands. Rosetta Resources has a 52 week low of $40.83 and a 52 week high of $54.61. The stock’s 50-day moving average is $46.25 and its 200-day moving average is $46.27. The company has a market cap of $3.046 billion and a price-to-earnings ratio of 14.45.
Rosetta Resources (NASDAQ:ROSE) last announced its earnings results on Monday, August 5th. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue 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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