Rosetta Resources Inc. Sets New 1-Year High at $54.64 (ROSE)
Rosetta Resources (NASDAQ:ROSE) set a new 52-week high on Thursday, AnalystRatings.Net reports. The company traded as high as $54.64 and last traded at $54.29, with a volume of 353,392 shares. The stock had previously closed at $53.50.
A number of research firms have recently commented on ROSE. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Rosetta Resources (NASDAQ:ROSE) in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $56.67.
In other Rosetta Resources news, COO John Dewey Clayton unloaded 26,004 shares of the company’s stock on the open market in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.69, for a total transaction of $1,396,154.76. Following the sale, the chief operating officer now directly owns 73,543 shares of the company’s stock, valued at approximately $3,948,524. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Rosetta Resources has a 1-year low of $40.83 and a 1-year high of $54.61. The stock has a 50-day moving average of $47.90 and a 200-day moving average of $46.49. The company has a market cap of $3.326 billion and a price-to-earnings ratio of 15.48.
Rosetta Resources (NASDAQ:ROSE) last issued its quarterly earnings data 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 $3.90 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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