Rosetta Resources CEO Sells $154,710 in Stock (ROSE)
Rosetta Resources (NASDAQ:ROSE) CEO James E. Craddock sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.57, for a total transaction of $154,710.00. Following the transaction, the chief executive officer now directly owns 117,705 shares in the company, valued at approximately $6,070,047. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on ROSE shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rosetta Resources in a research note on Wednesday. They now have a $61.00 price target on the stock, up previously from $55.00. Separately, analysts at SunTrust raised their price target on shares of Rosetta Resources from $53.00 to $55.00 in a research note on Wednesday. Finally, 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Rosetta Resources currently has a consensus rating of “Buy” and a consensus price target of $53.91.
Shares of Rosetta Resources (NASDAQ:ROSE) traded up 2.58% on Friday, hitting $52.10. 383,458 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 has a 50-day moving average of $52.72 and a 200-day moving average of $48.15. The company has a market cap of $3.203 billion and a P/E ratio of 25.91.
Rosetta Resources (NASDAQ:ROSE) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.59. The company had revenue of $220.90 million for the quarter, compared to the consensus estimate of $256.45 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that Rosetta Resources will post $3.34 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.