ROSE

[dan_s]

ROSE "Adjusted Earning Per Share" beat my forecast by 5 cents. This company is a pure play on the Eagle Ford, which I now believe has the best economic of all the major shale plays. - Dan

•Increased quarterly total daily production by 45 percent year-over-year with 72 percent growth in total liquids
•Attained Eagle Ford shale quarterly daily production growth of 68 percent year-over-year and 13 percent quarter-over-quarter
•Successfully tested third central Dimmit County lease
HOUSTON, Nov. 7, 2012 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. (ROSE) ("Rosetta" or the "Company") today reported third quarter 2012 net income of $17.7 million, or $0.33 per diluted share, versus net income of $31.9 million, or $0.61 per diluted share, for the same period in 2011. Adjusted net income (non-GAAP) for the quarter was $40.3 million, or $0.76 per diluted share, excluding an unrealized loss on derivative activities of $35.4 million, or $22.6 million after-tax. Adjusted net income increased by $7.2 million versus 2011, primarily due to increased production and a more favorable product mix.

NOTE: Dimmit County is one of the top three counties in the Eagle Ford. Some wells are expected to have EURs over 1 million boe.

[dan_s]

..Citigroup upgraded Rosetta Resources citing the company's solid Q3 results and 2013 outlook. The firm raised its price target for shares to $60 from $50.

..I will have my forecast model update tonight.

[dan_s]

Rosetta's 3rd quarter was fantastic! Not only is their oil production way up, but lease operating expenses are less than $3/bbl. First Call's target price is now $56.48 but you can be sure that will be going up.

ROSE is a pure play on the Eagle Ford and they have really got it going.

Check out my updated forecast model under the Sweet 16 Tab.