Energy Stock Update : Rosetta Resources Inc (NASDAQ:ROSE)

Rosetta Resources Inc (NASDAQ:ROSE) (TREND ANALYSIS) reports Q2 production up 2% to 63.0 MBoe/d. Production for the quarter averaged 63.0 MBoe/d, an increase of two percent from the same period in 2014 and above the high end of the 57 MBoe/d-60 MBoe/d Q2 guidance range. Natural gas liquids and natural gas daily production volumes increased by two and nine percent, respectively, compared to the prior year second quarter. Oil production in Q2 averaged 18.2 thousand barrels per day, a decrease of four percent from the same period in 2014 but roughly flat compared to Q1 volumes. :theflyonthewall.com

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Rosetta Resources Inc (NASDAQ:ROSE) stock is currently trading 61.63% below its 52-week-high, 30.53% above its 52-week-low. The 1-year stock price history is in the range of $15.92 – $54.15. Rosetta Resources Inc (ROSE) has a price to book ratio of 1.15 versus Basic Materials sector average of 3. ROSE stock price has underperformed the Nasdaq by 15.5%. The Oil Exploration & Production company is currently valued at $1.57 billion and its share price closed the last trading session at $20.78. The stock has a 50-day moving average of $23.2 and a 200-day moving average of $21.08.

Rosetta Resources Inc (ROSE) current short interest stands at 5.92 million shares. It has increased by 7% from the same period of last month. Around 8% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.76 million shares, the number of days required to cover the short positions stand at 3.4 days.

The company is expected to announce next quarter earnings on August 03, at consensus estimate of $-0.02. Rosetta Resources Inc (ROSE) reported last quarter earnings on May 04. The Oil Exploration & Production company announced earnings per share of $-0.13 against a consensus Street estimate of $-0.08, missing estimate by $0.05. This corresponds to a decrease of $0.82 compared to the same quarter of the previous fiscal year.

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There are currently twenty analysts that cover Rosetta Resources Inc stock. Of those twenty, six have a Buy rating, fourteen have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $22.78.

A recent analyst activity consisted of KeyBanc downgrading their Overweight rating to Sector Weight on May 12. KeyBanc fixed their price target at $28. This corresponds to a 34.74% upside from the last closing price. On the date of report, the stock closed at $24.57.

KLR Group upgraded their Reduce rating to Hold on May 8. On the date of report, the stock closed at $19.33.

Another research firm was RBC Capital who reiterated their Outperform stance on May 6. RBC Capital decreased price target from $24 to $23. This translates to a 10.68% upside from the last closing price. On the date of report, the stock closed at $19.88.

Company profile

Rosetta Resources, Inc. is an oil and gas exploration and production company.

Energy Stock Update : Rosetta Resources Inc (NASDAQ:ROSE) was last modified: July 17th, 2015 by Jason Seligman