NEW YORK (

TheStreet

) --

Rosetta Resources

(Nasdaq:

ROSE

) hit a new 52-week high Wednesday as it traded at $42.89 compared with its previous 52-Week high of $42.80. Rosetta is changing hands at $42.78 with 29,957 shares traded as of 9:47 a.m. ET. Average volume has been 673,300 shares over the past 30 days.

Rosetta has a market cap of $2.2 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 10.9% year to date as of the close of trading on Tuesday.

Rosetta Resources Inc., an independent oil and gas company, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas properties in the United States. The company has a P/E ratio of 73.4, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Rosetta as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Rosetta Ratings Report

.

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