Global Hunter Securities Reiterates a 'Buy' on Rosetta Resources (ROSE); Eagle Fordable: Gates Ranch Keeps Getting Better
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Price: $11.66 --0%
Rating Summary:
11 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Global Hunter Securities reiterates a 'Buy' on Rosetta Resources (NASDAQ: ROSE) price target raised from $62 to $70.
Global analyst says, "ROSE put up a solid quarter and confirmed our suspicions that, yet again, the Gates Ranch wells targeting the Eagle Ford continue to beat expectations. Couple this with an experimental downspacing program and ROSE has five-plus years of low-risk repeatable drilling. Early Alberta Bakken expectations have been set low, in our opinion, but that has become expected with this conservative management team. It will take perhaps a year for EUR's in this play to be formalized, but the bigger prize of nearly 200MM barrels of oil is quite large."
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 $43.44 yesterday.
Global analyst says, "ROSE put up a solid quarter and confirmed our suspicions that, yet again, the Gates Ranch wells targeting the Eagle Ford continue to beat expectations. Couple this with an experimental downspacing program and ROSE has five-plus years of low-risk repeatable drilling. Early Alberta Bakken expectations have been set low, in our opinion, but that has become expected with this conservative management team. It will take perhaps a year for EUR's in this play to be formalized, but the bigger prize of nearly 200MM barrels of oil is quite large."
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 $43.44 yesterday.
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