Rosetta Resources (ROSE) Announces Quarterly Earnings, Misses Expectations By $0.59 EPS
Rosetta Resources (NASDAQ:ROSE) announced its earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.59, Analyst Ratings Network reports. The company had revenue of $220.90 million for the quarter, compared to the consensus estimate of $256.45 million.
Rosetta Resources (NASDAQ:ROSE) traded up 3.19% during mid-day trading on Monday, hitting $51.43. The stock had a trading volume of 1,433,470 shares. 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 $52. and its 200-day moving average is $47.98. The company has a market cap of $3.160 billion and a price-to-earnings ratio of 16.79.
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, July 10th. They now have a “sector outperform” rating on the stock. On a related note, 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.98.
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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