Rosetta Resources (NASDAQ:ROSE) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
In other Rosetta Resources news, CEO James E. Craddock sold 3,000 shares of Rosetta Resources stock on the open market in a transaction dated Friday, October 18th. The stock was sold at an average price of $58.21, for a total value of $174,630.00. The sale 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 Topeka Capital Markets raised their price target on shares of Rosetta Resources from $66.00 to $74.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Macquarie downgraded shares of Rosetta Resources from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rosetta Resources in a research note to investors on Monday. They now have a $63.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Rosetta Resources has an average rating of “Buy” and a consensus price target of $59.06.
Rosetta Resources (NASDAQ:ROSE) opened at 57.55 on Thursday. Rosetta Resources has a one year low of $40.83 and a one year high of $54.61. The stock’s 50-day moving average is $46.50 and its 200-day moving average is $46.29. The company has a market cap of $3.517 billion and a P/E ratio of 16.66.
Rosetta Resources (NASDAQ:ROSE) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the 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. 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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