NEW YORK (TheStreet) -- Shares of Rosetta Resources are higher by 1.4% to $18.84 on heavy trading volume Wednesday afternoon, as oil-related stocks get a boost on rallying Brent crude prices following comments by Saudi Arabia's oil minister. Saudi oil minister Ali al-Naimi said the markets are calm now and demand is growing, Reuters reports. In addition, the flash Markit Purchasing Managers' Index showed that China's factory sector has expanded and reached a four-month high of 50.1 in February, higher than the reading of 49.5 analysts expected. Exclusive Report: Jim Cramer's Best Stocks for 2015 Since China is the world's biggest energy consumer, changes in the country's demand can move oil prices, Reuters noted. Brent crude for April delivery is up 2.68% to $60.23 a barrel as of 1:37 p.m. ET today, while WTI crude is trading higher by 1.81% to $50.17 a barrel. About 3.87 million shares of Rosetta Resources have exchanged hands as of 1:48 p.m. ET today, compared to its average trading volume of about 3.05 million shares a day. Houston, TX-based Rosetta Resources is an independent exploration and production company engaged in the acquisition and development of onshore energy resources in the U.S. Separately, TheStreet Ratings team rates ROSETTA RESOURCES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation: "We rate ROSETTA RESOURCES INC (ROSE) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: ROSE Ratings Report ROSE data by YCharts
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