Market Overview

UPDATE: Canaccord Genuity Reiterates Buy Rating, Raises PT on Rosetta Resources

Share:
Related ROSE
Benzinga's Top Downgrades
Macquarie Downgrades Rosetta Resources To Underperform
Cabot Oil & Gas Earnings Top As Output Keeps Growing (Investor's Business Daily)

In a report published Friday, Canaccord Genuity reiterated its Buy rating on Rosetta Resources (NASDAQ: ROSE), and raised its price target from $71.00 to $75.00.

Canaccord Genuity noted, “We are increasing our target price $4 to $75 per share due stronger-than-expected production momentum through year end. Rosetta exited last year producing ~47.6 Mboepd versus our expectation, and the high end of guidance, of ~44 Mboepd. Current production is ~49 Mboepd and the company should now average ~50 Mboepd in the first quarter compared to our prior outlook of ~46 Mboepd.”

Rosetta Resources closed on Thursday at $53.32.

Latest Ratings for ROSE

DateFirmActionFromTo
Apr 2015KLR GroupDowngradesHoldReduce
Apr 2015MacquarieDowngradesNeutralUnderperform
Apr 2015SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for ROSE
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (ROSE)

Around the Web, We're Loving...