Canaccord Genuity Maintains a 'Buy' on Rosetta Resources (ROSE); Increasing Oily Eagle Ford Activity Drives Value
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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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Canaccord Genuity maintains a 'Buy' on Rosetta Resources (NASDAQ: ROSE) price target raised from $60 to $66.
Analyst, John Gerdes, said, "We are raising our target price due to higher liquids price realizations/capital allocation. With recent delineation success, Rosetta is moving a rig to Briscoe Ranch, maintaining one rig in Karnes Trough and leaving two rigs in Gates Ranch. Briscoe/Karnes wells have exhibited a 70-90% liquids composition versus 55% in Gates Ranch. We believe Rosetta offers 1.8x the CFPS growth (’11-’13E) of the sector owing to ~25% better capital productivity alongside a similar liquids allocation."
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 $53.02 yesterday.
Analyst, John Gerdes, said, "We are raising our target price due to higher liquids price realizations/capital allocation. With recent delineation success, Rosetta is moving a rig to Briscoe Ranch, maintaining one rig in Karnes Trough and leaving two rigs in Gates Ranch. Briscoe/Karnes wells have exhibited a 70-90% liquids composition versus 55% in Gates Ranch. We believe Rosetta offers 1.8x the CFPS growth (’11-’13E) of the sector owing to ~25% better capital productivity alongside a similar liquids allocation."
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 $53.02 yesterday.
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