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Wednesday, May 22, 11:15 AM Rosetta Resources (ROSE -0.3%) is downgraded to Hold from Buy at Cowen, which thinks significant credit is priced in for vertical drilling potential in Permian assets. The firm's long-term positive view on ROSE is based on focused Eagle Ford development drilling, strong cash flow growth and a conservative balance sheet. Comment! [Energy, Quick Ideas]
Thursday, May 16, 11:39 AM Rosetta Resources (ROSE +3.5%) is upgraded to Outperform with a $63-$67 price target, up from $52-$56, at Wells Fargo, which likes the direction the company is headed. Concerns about inventory and long-term production growth visibility have been effectively removed thanks to the Permian acquisition, and with financing of the transaction addressed, the firm finds shares attractively priced. Comment! [Energy, Quick Ideas, On the Move]
Monday, May 6, 5:32 PM Rosetta Resources (ROSE): Q1 EPS of $1.18 beats by $0.25. Revenue of $178.1M misses by $15.19M. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 1, 12:52 PM Rosetta Resources (ROSE) is initiated with a Buy rating at BAML, which likes the solid position ROSE has built in the Eagle Ford shale while high-grading the balance of the portfolio. The recent Permian acquisition from Comstock should improve production visibility and diversify the asset base away from a single play, with upside potential from future development drilling. Comment! [Energy, Quick Ideas]
Monday, April 15, 8:12 AM Rosetta Resources (ROSE) expects Q1 production to average a record 47K boe/day, up 39% Y/Y and up 6% Q/Q, and sees ~40% Y/Y production growth for FY 2013. Raises 2013 capex guidance to $840M-$900M from $640M-$700M. Also announces a 7M share offering and $700M senior notes offering to fund part of its purchase of assets from Comstock Resources. Comment! [Energy]
Thursday, April 4, 5:32 PM Credit Suisse places Rex Energy (REXX), Range Resources (RRC) and Rosetta Resources (ROSE) at the top of its list of small-to-midsized energy explorers most efficiently running their operations. The firm focuses on three-year recycle ratios of cash flow per unit divided by unit organic finding and development costs. Penn Virginia (PVA) and Forest Oil (FST) screen as less efficient. Comment! [Energy, Quick Ideas]
Thursday, March 21, 2:39 PM With natural gas prices up 12% in March, some NGL plays have been left behind, Cowen's Nicholas Pope writes. He favors SM Energy (SM +0.3%), which trades at only 3.9x his 2014 estimate for EBITDA and has rallied a mere 2% this month. Range Resources (RRC +0.8%) is another NGL name but it also has significant dry gas exposure; dry-gas exposed names have rallied 17% this month. Comment! [Energy, Quick Ideas]
Friday, March 15, 2:39 PM Rosetta Resources' (ROSE +1%) purchase of some of Comstock Resources' (CRK +13.6%) oil-rich acreage in the Permian Basin will reduce its dependence on the Eagle Ford shale and "provides clarity on growth plans"; ~96% of ROSE's production last year came from Eagle Ford. Shares of other firms with prominent Permian acreage also are higher: CWEI +10%, XEC +1%, CXO +0.4%. Comment! [Energy, On the Move]
Friday, March 15, 9:28 AM Rosetta Resources (ROSE) agrees to acquire Permian Basin assets from Comstock Resources (CRK) for ~$768M. ROSE says the deal provides new entry in the Permian and access to oil-weighted multi-pay areas, and expands capital project inventory by ~1,300 gross drilling locations. CRK, +6.5% premarket, updates its 2013 capital budget to $422M to reflect the sale. Comment! [Energy, On the Move]
Tuesday, February 26, 9:39 AM Prior to the management shakeup, Miller Tabak had downgraded Rosetta Resources (ROSE -6.4%) to Sell from Hold, citing a short-term spike in oil production at the Eagle Ford's Karnes Trough which should peak in Q1. Without an acquisition of more oil acreage, the firm says ROSE will be forced to focus on its acreage in liquids amid continued weakness in NGL and natural gas pricing. Comment! [Energy, Quick Ideas, On the Move]
Tuesday, February 26, 9:29 AM Rosetta Resources (ROSE) -5% premarket after a shakeup at the top. Randy Limbacher is resigning as Chairman, CEO and President, to be replaced by James Craddock, senior VP for drilling and production operations. John Clayton, senior VP for asset development, is the new COO. Comment! [Energy, On the Move]
Monday, February 25, 5:00 PM Rosetta Resources (ROSE): Q4 EPS of $0.79 misses by $0.14. Revenue of $178.3M misses by $5M. (PR) Comment! [Earnings, Breaking News, Energy]
Thursday, January 24, 5:39 PM Rosetta Resources (ROSE) announces record 2012 production of 37.2K boe/day, up 35% Y/Y, and record proved reserves of 201M boe, up 25% Y/Y. Q4 production averaged a record 44.3K boe/day, up 38% Y/Y and 20% Q/Q. ROSE also says Eagle Ford well costs were reduced by ~$1M/well vs. prior guidance. 1 Comment [Energy]
Monday, December 10, 2012, 4:31 PM Rosetta Resources (ROSE) announces a 2013 capital budget of $700M, with more than 85% planned for activities in the Eagle Ford shale. Production guidance is 46K-50K boe/day, or ~30% Y/Y growth. During Q1, an additional 50M cubic ft./day of Eagle Ford firm gross wet gas capacity will become available for a total of 245 MMcf/day of takeaway capacity. Comment! [Energy]
Friday, November 9, 2012, 2:58 PM Rosetta Resources' (ROSE +1.9%) price target is raised to $68 from $64 by Canaccord, which says the company is "doing an outstanding job prosecuting the development of its highly productive Eagle Ford leasehold." The firm cites stronger growth in oil production and the associated pricing benefit of a higher oil composition in the liquids stream. Comment! [Energy, Quick Ideas, On the Move]
Monday, July 2, 2012, 5:54 PM Rosetta Resources (ROSE) +4.1% AH as Standard & Poor's says the oil and gas exploration and production company will replace Catalyst Health Solutions (CHSI) in the S&P MidCap 400 Index after the close of trading July 5. Comment! [Energy, On the Move]

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Rosetta Resources Inc.