Market Overview

UPDATE: Canaccord Genuity Raises PT to $70 on Improved Capital Efficiency

Related ROSE
18 Biggest Mid-Day Gainers For Thursday
How To Profit From Low Oil Prices: An Energy Takeout Targets Portfolio
Rosehill: Q3 2017 Review (Seeking Alpha)

Canaccord Genuity reiterated its Buy rating on Rosetta Resources (NASDAQ: ROSE) and increased its price target from $68 to $70.

Canaccord Genuity commented, "We are increasing our target price $2 to $70 due to ~10% improvement in capital efficiency partly offset by a lower level of capital spending and higher treating/transport expense. The liquids composition of capital spending (60%-65%) is unchanged and in line with Rosetta's outlook.…Given the weakness in natural gas and NGL prices, Rosetta prudently shifted capital to areas with higher oil composition."

Rosetta Resources closed at $42.63 on Friday.

Latest Ratings for ROSE

May 2015KeyBancDowngradesOverweightSector Weight
May 2015KLR GroupUpgradesReduceHold
May 2015RBC CapitalMaintainsOutperform

View More Analyst Ratings for ROSE
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (ROSE)

View Comments and Join the Discussion!

Partner Center