Insider Selling: Rosetta Resources CEO Sells 3,000 Shares of Stock (ROSE)
Rosetta Resources (NASDAQ:ROSE) CEO James Craddock unloaded 3,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $51.52, for a total value of $154,560.00. Following the transaction, the chief executive officer now directly owns 111,588 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ROSE shares. Analysts at Topeka Capital Markets raised their price target on shares of Rosetta Resources (NASDAQ:ROSE) from $64.00 to $66.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $56.67.
Shares of Rosetta Resources (NASDAQ:ROSE) traded up 3.27% during mid-day trading on Wednesday, hitting $53.39. The stock had a trading volume of 1,512,827 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 $46.84 and its 200-day moving average is $46.30. The company has a market cap of $3.263 billion and a price-to-earnings ratio of 14.96.
Rosetta Resources (NASDAQ:ROSE) last issued its quarterly 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 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. 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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