Why Rosetta Resources (ROSE) Stock Is Down Today

NEW YORK (TheStreet) -- Rosetta Resources (ROSE) was falling -6.3% to $44.39 Tuesday after missing analysts' expectations for earnings and revenue in the first quarter.

For the first quarter Rosetta Resources reported earnings of 74 cents a share, missing the Capital IQ Consensus Estimate of 81 cents a share by 7 cents. Revenue grew 20.5% year-over-year to $214.56 million in the quarter. Analysts predicted revenue of $239.77 million for the quarter.

"Our first quarter results are in line with our expectations and we are on track to deliver on our annual targets," chairman, president, and CEO Jim Craddock said in a press release.. "Rosetta made significant progress in the advancement of our Delaware Basin horizontal program as we doubled our inventory of net well locations. Also, during the quarter, our Eagle Ford program was a key driver of our operational success. As the year progresses, we will maintain our focus on program execution and evaluation of various long-term growth catalysts in our core areas."

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TheStreet Ratings team rates ROSETTA RESOURCES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate ROSETTA RESOURCES INC (ROSE) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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