Wunderlich Securities Maintains Buy Rating and $50 PT on Rosetta Resources

A report from Wunderlich Securities reiterates its Buy rating and $50 price target on Rosetta Resources ROSE. The report states, “We believe that ROSE could have more than four Tcfe of potential resources that can be extracted in the next eight years from the Eagle Ford; this is more than four times ROSE's mid-year reserves of 970 bcfe. This gives ROSE plenty of time to build and develop a second core area outside of the Eagle Ford such as the South Alberta Bakken Play." ROSE closed yesterday at $38.49.