FBR Capital Markets Increases Rosetta Resources Price Target to $52.00 (ROSE)
FBR Capital Markets lifted their price objective on shares of Rosetta Resources (NASDAQ:ROSE) from $48.00 to $52.00 in a research note issued on Thursday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target would suggest a potential downside of 3.53% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Rosetta Resources in a research note on Monday. They now have a $62.00 price target on the stock, up previously from $60.00. Separately, analysts at KLR Group cut their price target on shares of Rosetta Resources from $46.00 to $2.00 in a research note on Friday, May 9th. Finally, analysts at BMO Capital Markets cut their price target on shares of Rosetta Resources from $52.00 to $46.00 in a research note on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $53.15.
Rosetta Resources (NASDAQ:ROSE) opened at 53.90 on Thursday. Rosetta Resources has a one year low of $39.33 and a one year high of $65.30. The stock has a 50-day moving average of $49.76 and a 200-day moving average of $47.15. The company has a market cap of $3.311 billion and a price-to-earnings ratio of 18.48.
Rosetta Resources (NASDAQ:ROSE) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.84 by $0.10. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $239.77 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts predict that Rosetta Resources will post $3.36 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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