Wunderlich Lowers Price Target on Rosetta Resources (ROSE)
Equities researchers at Wunderlich cut their target price on shares of Rosetta Resources (NASDAQ: ROSE) from $64.00 to $60.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock.
Rosetta Resources traded down 1.08% on Thursday, hitting $41.16. Rosetta Resources has a 52-week low of $30.42 and a 52-week high of $58.04. The company has a market cap of $2.177 billion and a price-to-earnings ratio of 19.64.
A number of other firms have also recently commented on ROSE. Analysts at FBR Capital (NASDAQ: FBCM) downgraded shares of Rosetta Resources from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $45.00 price target on the stock, down previously from $50.00. Separately, 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 Canaccord Genuity reiterated a “buy” rating on shares of Rosetta Resources in a research note to investors on Friday, March 2nd.
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.