Rosetta Resources Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:ROSE)
Rosetta Resources (NASDAQ:ROSE) has received a consensus recommendation of “Buy” from the thirteen brokerages that are covering the company, ARN reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $59.20.
A number of analysts have recently weighed in on ROSE shares. Analysts at KLR Group upgraded shares of Rosetta Resources from a “hold” rating to an “accumulate” rating in a research note on Thursday, August 21st. 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 (NASDAQ:ROSE) opened at 49.04 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 $51.58 and its 200-day moving average is $48.73. The company has a market cap of $3.015 billion and a P/E ratio of 24.61.
Rosetta Resources (NASDAQ:ROSE) last announced its earnings results on Monday, August 4th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ 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 $3.24 earnings per share 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.
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