Rosetta Resources Inc. Reaches New 12-Month High at $58.38 (ROSE)
Rosetta Resources (NASDAQ:ROSE)’s share price reached a new 52-week high on Wednesday, Stock Ratings News reports. The company traded as high as $58.38 and last traded at $58.06, with a volume of 604,615 shares traded. The stock had previously closed at $56.00.
A number of research firms have recently commented on ROSE. Analysts at Stifel Nicolaus raised their price target on shares of Rosetta Resources from $50.00 to $59.00 in a research note to investors on Friday, October 11th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Rosetta Resources from $61.00 to $63.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Rosetta Resources in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Six 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 $57.28.
Rosetta Resources has a 1-year low of $40.83 and a 1-year high of $58.02. The stock has a 50-day moving average of $51.92 and a 200-day moving average of $47.22. The company has a market cap of $3.560 billion and a P/E ratio of 16.21.
Rosetta Resources (NASDAQ:ROSE) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.88 earnings per share for the quarter, missing the analysts’ 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 $3.90 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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