KLR Group Upgrades Rosetta Resources to Accumulate (ROSE)
Rosetta Resources (NASDAQ:ROSE) was upgraded by investment analysts at KLR Group from a “hold” rating to an “accumulate” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $59.00 target price on the stock. KLR Group’s price target indicates a potential upside of 20.88% from the stock’s previous close.
In other Rosetta Resources news, CEO James E. Craddock sold 3,000 shares of the 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Rosetta Resources (NASDAQ:ROSE) opened at 48.80 on Thursday. Rosetta Resources has a 1-year low of $39.33 and a 1-year high of $65.30. The stock’s 50-day moving average is $51.96 and its 200-day moving average is $48.5. The company has a market cap of $3.000 billion and a P/E ratio of 25.54.
Rosetta Resources (NASDAQ:ROSE) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Rosetta Resources will post $3.25 earnings per share for the current fiscal year.
ROSE has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rosetta Resources in a research note on Wednesday, August 6th. 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, August 6th. 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. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Rosetta Resources presently has an average rating of “Buy” and an average target price of $59.20.
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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