Rosetta Resources Receives New Coverage from Analysts at Goldman Sachs Group Inc. (ROSE)
Stock analysts at Goldman Sachs Group Inc. assumed coverage on shares of Rosetta Resources (NASDAQ:ROSE) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Rosetta Resources (NASDAQ:ROSE) opened at 52.35 on Tuesday. 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 $47.58 and its 200-day moving average is $46.4. The company has a market cap of $3.199 billion and a price-to-earnings ratio of 15.15.
Rosetta Resources (NASDAQ:ROSE) last posted its quarterly 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. Analysts expect that Rosetta Resources will post $3.87 EPS for the current fiscal year.
ROSE has been the subject of a number of other recent research reports. 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, September 16th. 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.
Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $56.67.
In other Rosetta Resources news, COO John Dewey Clayton unloaded 26,004 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $53.69, for a total value of $1,396,154.76. Following the sale, the chief operating officer now directly owns 73,543 shares in the company, valued at approximately $3,948,524. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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