Rosetta Resources Downgraded to Underperform at Zacks (ROSE)
Rosetta Resources (NASDAQ:ROSE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a $42.70 price objective on the stock. Zacks‘ price target would indicate a potential downside of 4.56% from the company’s current price.
In other Rosetta Resources news, CEO James Craddock sold 3,000 shares of the stock on the open market in a transaction dated Thursday, January 9th. The shares were sold at an average price of $45.94, for a total transaction of $137,820.00. Following the transaction, the chief executive officer now directly owns 128,333 shares of the company’s stock, valued at approximately $5,895,618. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Rosetta Resources (NASDAQ:ROSE) traded up 0.78% on Tuesday, hitting $45.09. 720,739 shares of the company’s stock traded hands. Rosetta Resources has a 52-week low of $40.83 and a 52-week high of $65.30. The stock has a 50-day moving average of $48. and a 200-day moving average of $50.2. The company has a market cap of $2.763 billion and a price-to-earnings ratio of 11.96.
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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. On average, analysts predict that Rosetta Resources will post $3.88 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in 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. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Rosetta Resources has a consensus rating of “Buy” and an average target price of $58.86.
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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