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Rosetta Resources (NASDAQ:ROSE) CEO James E. Craddock sold 3,000 shares of the stock on the open market in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $52.98, for a total transaction of $158,940.00. Following the completion of the sale, the chief executive officer now directly owns 120,705 shares of the company’s stock, valued at approximately $6,394,951. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on ROSE. Analysts at FBR Capital Markets raised their price target on shares of Rosetta Resources from $48.00 to $52.00 in a research note on Thursday, July 3rd. They now have a “market perform” rating on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Rosetta Resources in a research note on Monday, June 30th. They now have a $62.00 price target on the stock, up previously from $60.00. Finally, 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. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.15.

Rosetta Resources (NASDAQ:ROSE) traded up 1.01% during mid-day trading on Wednesday, hitting $53.93. 906,069 shares of the company’s stock traded hands. Rosetta Resources has a 1-year low of $39.33 and a 1-year high of $65.30. The stock has a 50-day moving average of $50.86 and a 200-day moving average of $47.3. The company has a market cap of $3.313 billion and a P/E ratio of 17.99.

Rosetta Resources (NASDAQ:ROSE) last announced its earnings results on Monday, May 5th. The company reported $0.74 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.18 earnings per share. Rosetta Resources’s revenue was up 20.5% compared to the same quarter last year. Analysts expect that Rosetta Resources will post $3.37 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.

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