Share on StockTwits

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, 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.

The Fly On The Wall

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.