Rosetta Resources CEO James Craddock Sells 3,000 Shares (ROSE)
Rosetta Resources (NASDAQ:ROSE) CEO James Craddock sold 3,000 shares of the stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $45.94, for a total value of $137,820.00. Following the sale, the chief executive officer now directly owns 128,333 shares in the company, valued at approximately $5,895,618. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Rosetta Resources (NASDAQ:ROSE) traded up 1.00% during mid-day trading on Thursday, hitting $46.35. The stock had a trading volume of 868,821 shares. Rosetta Resources has a 52 week low of $40.83 and a 52 week high of $65.30. The stock’s 50-day moving average is $49.32 and its 200-day moving average is $50.16. The company has a market cap of $2.840 billion and a P/E ratio of 12.26.
Rosetta Resources (NASDAQ:ROSE) last announced its earnings results on Thursday, November 7th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.07. The company had revenue of $194.60 million for the quarter, compared to the consensus estimate of $233.02 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 58.6% on a year-over-year basis. Analysts expect that Rosetta Resources will post $3.88 EPS for the current fiscal year.
A number of research firms have recently commented on ROSE. Analysts at KLR Group upgraded shares of Rosetta Resources from a “hold” rating to an “accumulate” rating in a research note to investors on Wednesday, December 18th. Separately, analysts at SunTrust raised their price target on shares of Rosetta Resources from $50.00 to $58.00 in a research note to investors on Monday, November 11th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Rosetta Resources from $63.00 to $60.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $59.94.
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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