Credit Suisse maintains an 'Outperform' on Rosetta Resources (ROSE); Raising the Bar in the Eagle Ford, Again; Increasing Numbers

Credit Suisse maintains an 'Outperform' on Rosetta Resources (NASDAQ: ROSE), raises PT from $57 to $62.

Credit Suisse analyst said, "ROSE raised its 2011 exit rate range to 185-195 mmcfe/d (from 155-165) and expects full-year production in a range of 160-170 mmcfe/d taking into account the Q1 divestiture of non-core gas assets. We raise our 2011-2013 EPS estimates to $2.04 (from $1.76), $3.55 (from $2.82) and $5.65 (from $4.70), respectively on increased production guidance. With current production of 149 mmcfe/d, compared to the 155 mmcfe/d average for Q1'11 the company is on pace to make up the bulk of divested dry gas volumes with liquids-rich production from the Eagle Ford in only one quarter."

For more ratings news on Rosetta Resources click here and for the rating history of Rosetta Resources click here.

Shares of Rosetta Resources closed at $49.48 yesterday.

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