Pritchard Capital Raises Rosetta Resources PT

Pritchard Capital raised its Rosetta Resources (NASDAQ: ROSE) price target from $57 to $66 in a research report published today.

In the report, Pritchard Capital states that the price target increase is primarily from Rosetta Resources' improvements on Eagle Ford results at Gates Ranch.

"The next major catalyst for Gates Ranch will be results from the two infill drilling pilot projects where the company is testing 50 acre spacing. If the company could get similar recoveries on infill wells, our price target could potentially increase by $30/share," Pritchard Capital states.

Shares of Rosetta Resources closed Wednesday at $43.56, reflecting no change from Tuesday's market close.