Canaccord Genuity Maintains a 'Buy' on Rosetta Resources (ROSE); 2012: Year of Low-Risk Eagle Ford Development
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Price: $11.66 --0%
Rating Summary:
11 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
11 Buy, 12 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Buy' on Rosetta Resources (NASDAQ: ROSE) price target of $60.00.
Analyst, John Gerdes, said, "After a year of Eagle Ford delineation and Alberta Basin exploration, ’12 should be a year of low-risk Eagle Ford development. Rosetta thus represents an operationally defensive pick though it has 10% less upside potential to our target price than the sector. With ’12 capital spending and production guidance already released, we expect a quiet quarter."
"The apparent failure of the Alberta Basin Bakken should allow the company to focus on the highly productive Eagle Ford Shale rather than a less productive play constrained by a lack of services and infrastructure."
For an analyst ratings summary and ratings history on Rosetta Resources click here. For more ratings news on Rosetta Resources click here.
Shares of Rosetta Resources closed at $44.15 yesterday.
Analyst, John Gerdes, said, "After a year of Eagle Ford delineation and Alberta Basin exploration, ’12 should be a year of low-risk Eagle Ford development. Rosetta thus represents an operationally defensive pick though it has 10% less upside potential to our target price than the sector. With ’12 capital spending and production guidance already released, we expect a quiet quarter."
"The apparent failure of the Alberta Basin Bakken should allow the company to focus on the highly productive Eagle Ford Shale rather than a less productive play constrained by a lack of services and infrastructure."
For an analyst ratings summary and ratings history on Rosetta Resources click here. For more ratings news on Rosetta Resources click here.
Shares of Rosetta Resources closed at $44.15 yesterday.
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