Rosetta Resources Rating Lowered to Market Perform at FBR Capital (ROSE)
Rosetta Resources (NASDAQ: ROSE) was downgraded by equities research analysts at FBR Capital (NASDAQ: FBCM) from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday. They currently have a $45.00 price target on the stock, down from their previous price target of $50.00.
ROSE has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rosetta Resources in a research note to investors on Wednesday. They now have a $59.00 price target on the stock. Finally, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Rosetta Resources from $54.00 to $56.00 in a research note to investors on Wednesday, February 29th. They now have an “outperform” rating on the stock.
Shares of Rosetta Resources traded down 0.38% during mid-day trading on Wednesday, hitting $41.85. Rosetta Resources has a one year low of $30.42 and a one year high of $58.04. The company has a market cap of $2.214 billion and a P/E ratio of 19.83.
Rosetta Resources Inc. (Rosetta) is an independent exploration and production company engaged in the exploration, development, production and acquisition of onshore oil and gas resources in the United States of America.