Equities research analysts at Howard Weil raised their price objective on shares of Rosetta Resources (NASDAQ:ROSE) from $71.00 to $78.00 in a research note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has a “focus stock” rating on the stock. Howard Weil’s price target points to a potential upside of 28.90% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Rosetta Resources from $50.00 to $59.00 in a research note to investors on Friday, October 11th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Rosetta Resources from $61.00 to $63.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Rosetta Resources in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Rosetta Resources presently has an average rating of “Buy” and an average price target of $58.37.
Rosetta Resources (NASDAQ:ROSE) opened at 60.51 on Monday. Rosetta Resources has a 52-week low of $40.83 and a 52-week high of $60.66. The stock’s 50-day moving average is $53.02 and its 200-day moving average is $47.47. The company has a market cap of $3.698 billion and a P/E ratio of 17.51.
Rosetta Resources (NASDAQ:ROSE) last announced its earnings results on Monday, August 5th. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.97 by $0.09. The company had revenue of $236.50 million for the quarter, compared to the consensus estimate of $217.29 million. During the same quarter last year, the company posted $0.58 earnings per share. Rosetta Resources’s revenue was up 19.4% compared to the same quarter last 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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