Rosetta Resources Price Target Increased to $74.00 by Analysts at Topeka Capital Markets (ROSE)
Equities researchers at Topeka Capital Markets increased their target price on shares of Rosetta Resources (NASDAQ:ROSE) from $66.00 to $74.00 in a research report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price objective suggests a potential upside of 28.58% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie downgraded shares of Rosetta Resources from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rosetta Resources in a research note to investors on Monday. They now have a $63.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of Rosetta Resources from $71.00 to $78.00 in a research note to investors on Monday. They now have a “focus stock” rating on the stock. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Rosetta Resources presently has an average rating of “Buy” and an average price target of $59.06.
In other Rosetta Resources news, CEO James E. Craddock unloaded 3,000 shares of Rosetta Resources stock on the open market in a transaction dated Friday, October 18th. The stock was sold at an average price of $58.21, for a total transaction of $174,630.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Rosetta Resources (NASDAQ:ROSE) traded down 3.13% on Wednesday, hitting $57.55. The stock had a trading volume of 1,387,187 shares. 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 $46.50 and its 200-day moving average is $46.29. The company has a market cap of $3.517 billion and a P/E ratio of 17.20.
Rosetta Resources (NASDAQ:ROSE) last announced its 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. Analysts expect that Rosetta Resources will post $3.94 EPS 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.