Rosetta Resources Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:ROSE)
Rosetta Resources (NASDAQ:ROSE) has been given an average rating of “Buy” by the thirteen ratings firms that are covering the stock, AnalystRatings.NET reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $59.20.
Shares of Rosetta Resources (NASDAQ:ROSE) opened at 49.125 on Friday. 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 $51.83 and its 200-day moving average is $48.50. The company has a market cap of $3.020 billion and a P/E ratio of 25.06.
Rosetta Resources (NASDAQ:ROSE) last posted its quarterly earnings results 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. Analysts expect that Rosetta Resources will post $3.24 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at KLR Group upgraded shares of Rosetta Resources from a “hold” rating to an “accumulate” rating in a research note on Thursday. They now have a $59.00 price target on the stock. Separately, 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. Finally, 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.
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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