Rosetta Resources Price Target Increased to $70.00 by Analysts at Howard Weil (ROSE)
Stock analysts at Howard Weil lifted their price objective on shares of Rosetta Resources (NASDAQ:ROSE) from $65.00 to $70.00 in a report issued on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s target price points to a potential upside of 29.80% from the company’s current price.
A number of other firms have also 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Rosetta Resources currently has an average rating of “Buy” and a consensus price target of $52.98.
Shares of Rosetta Resources (NASDAQ:ROSE) opened at 53.93 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 $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 18.17.
Rosetta Resources (NASDAQ:ROSE) last issued its quarterly earnings data 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 $3.30 earnings per share for the current fiscal year.
In other Rosetta Resources news, CEO James E. Craddock sold 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $52.98, for a total transaction of $158,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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