Rosetta Stock Soars (ROSE)

NEW YORK ( TheStreet) -- Shares of Rosetta Resources (Nasdaq: ROSE) have taken a tremendous swing upward. The stock is trading at $49.50 as of 12:36 p.m. ET, 20.4% above Friday's closing price of $41.10. Volume is at 1.8 million, 2.6 times the daily average of 669,200.

Rosetta has a market cap of $2.1 billion and is part of the basic materials sector and energy industry. Shares are up 9.2% year to date as of the previous trading day's close.

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 106.1, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

TheStreet Ratings rates Rosetta as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Rosetta Ratings Report.

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