Rosetta Resources Inc.-Momentum

Rosetta Resources, Inc. (Rosa) hit a new high of $ multiannual 43.46 as higher crude oil spikes on the crisis in the Middle East. With an estimated increase and bullish growth projection, this stock ranking Zacks # 1 has plenty of momentum upwards. Description of the company Rosetta Resources, Inc., operates as an Explorer on the internal market in natural gas and crude and has a market capitalization of $ 2.27 billion. Higher crude prices have given internal explorers, a big push on the display when Rosetta reported strong Q3 results last November that came in ahead of expectations. results for the third quarter Revenue for the period rose by 25% compared to last year to $ 80 million. Earnings also looked good, coming in 17 cents, 6% in front of Zacks consensus estimate. The strong performance was driven by increased production, 19% compared to last year and prices higher in raw natural gas is liquid. financial profile With Rosetta aggressive approach new opportunities, its budget is a little heavy, with cash and cash equivalents of $ 24 million, compared with total debt of $ 360 million to 71 million last year, its level of indebtedness of 66.7% is above average peer 47.6%. estimates We didn't see much movement in the estimates from good quarter, with the current year up 3 cents to 41 cents in the last three months. The estimate of next year great jumped on news, add 30% to $ 1.53, a projection of 149% bullish growth. Evaluation In the light of recent increases, the scoreboard looks a bit hot, with a forward p/e of 27 X against its average peer 21 X. graph of 12 months on the chart, ROSE was strong for the last month, recently hitting a new 52-week high at $ 43.46 as crude rallies on the crisis in the Middle East. Look for support from the long-term trend on any weakness, take a look below. Michael Vodicka is the momentum Stock strategist for Zacks.com. He is also the Editor in charge of Zacks momentum trader service.
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