Rosetta Resources Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:ROSE)
Rosetta Resources (NASDAQ:ROSE) has been given a consensus rating of “Buy” by the fifteen brokerages that are covering the stock, AnalystRatingsNetwork.com reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $52.98.
Shares of Rosetta Resources (NASDAQ:ROSE) traded up 0.77% on Monday, hitting $52.44. 130,802 shares of the company’s stock traded hands. Rosetta Resources has a 52-week low of $39.33 and a 52-week high of $65.30. The stock’s 50-day moving average is $51.21 and its 200-day moving average is $47.39. The company has a market cap of $3.222 billion and a price-to-earnings ratio of 17.53.
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 $3.38 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Howard Weil raised their price target on shares of Rosetta Resources from $65.00 to $70.00 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Separately, 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. Finally, 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.
In other Rosetta Resources news, CEO James E. Craddock unloaded 3,000 shares of the company’s stock 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. The transaction was disclosed in a legal filing with the SEC, 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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