Rosetta Resources (NASDAQ:ROSE) was upgraded by equities researchers at KLR Group to an “accumulate” rating in a research report issued on Wednesday, Analyst Ratings Network.com reports.
In other Rosetta Resources news, CEO James Craddock sold 3,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $49.69, for a total transaction of $149,070.00. Following the transaction, the chief executive officer now directly owns 102,588 shares of the company’s stock, valued at approximately $5,097,598. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Rosetta Resources from $50.00 to $58.00 in a research note to investors on Monday, November 11th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Rosetta Resources from $63.00 to $60.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Rosetta Resources from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 11th. They now have a $65.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rosetta Resources has an average rating of “Buy” and an average target price of $59.94.
Rosetta Resources (NASDAQ:ROSE) opened at 48.43 on Wednesday. Rosetta Resources has a one year low of $40.83 and a one year high of $65.30. The stock’s 50-day moving average is $53.5 and its 200-day moving average is $50.02. The company has a market cap of $2.967 billion and a price-to-earnings ratio of 12.88.
Rosetta Resources (NASDAQ:ROSE) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.07. The company had revenue of $194.60 million for the quarter, compared to the consensus estimate of $233.02 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. On average, analysts predict that Rosetta Resources will post $3.94 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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