LONDON, March 20, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings analysis on Rosetta Resources Inc. (NASDAQ: ROSE). On February 23, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Rosetta%20Resources&d=20-Mar-2015&s=ROSE to read our free earnings review on Rosetta Resources Inc. (Rosetta). The company's revenues came in at $503.6 million for Q4 FY14 and $1.30 billion for FY14. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Rosetta%20Resources&d=20-Mar-2015&s=ROSE
Earnings Overview
During Q4 FY14, Rosetta's revenues increased $298.8 million from $204.8 million in Q4 FY13. Further, revenues for Q4 FY14 excluding unrealized derivatives came in at $238.6 million compared to $217.9 million in Q4 FY13. The company's revenues excluding unrealized derivatives missed Bloomberg analysts' forecast of $254.3 million for Q4 FY14. Free research on ROSE can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Rosetta%20Resources&d=20-Mar-2015&s=ROSE
In Q4 FY14, Rosetta's average production increased 41% to 73.1 thousand barrels of oil equivalent per day (MBoe/d) from 51.7 MBoe/d in Q4 FY13. Daily oil production increased 32% to 19.8 thousand barrels per day (Bbls/d) in Q4 FY14 from 15.0 thousand Bbls/d in Q4 FY13. The company's Natural Gas Liquids (NGLs) production also surged 51% to 26.3 thousand Bbls/d during the reported quarter from 17.4 thousand Bbls/d in Q4 FY13. Moreover, Natural Gas' production in Q4 FY14 grew 40% to 161.9 thousand cubic feet per day (Mcf/d) from 116.0 Mcf/d in Q4 FY13.
During Q4 FY14, GAAP net income stood at $185.47 million, or $3.01 per diluted share, compared to $29.50 million, or $0.48 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected GAAP net income of $19.09 million, or $0.26 per diluted share, in Q4 FY14. Furthermore, Rosetta reported non-GAAP net income of $15.50 million, or $0.25 per diluted share, in Q4 FY14 compared to $50.98 million, or $0.83 per diluted share, in Q4 FY13.
In FY14, Rosetta's revenues increased by $490.66 million from $814.02 million in FY13. The company's FY14 revenues excluding unrealized derivatives was $1.0 billion compared to $830.4 million in FY13. The company's revenues excluding unrealized derivatives missed Bloomberg analysts' forecast of $1.1 billion for FY14. Sign up and read the free analyst's notes on ROSE at:
http://get.Investor-Edge.com/pdf/?c=Rosetta%20Resources&d=20-Mar-2015&s=ROSE
For FY14, GAAP net income was $313.56 million, or $5.09 per diluted share, compared to $199.35 million, or $3.39 per diluted share, in FY13. Analysts from Bloomberg had expected GAAP net income of $147.67 million, or $2.37 per diluted share, in FY14. Furthermore, Rosetta's FY14 non-GAAP net income came in at $144.73 million, or $2.35 per diluted share, compared to $227.94 million, or $3.87 per diluted share, in FY13.
Rosetta made capital investments of $190 million in Q4 FY14, drilling 23 gross operated wells and completing eight wells. Capital spending, excluding acquisitions, for FY14 totaled $1.22 billion. The company drilled a total of 140 gross operated wells and completed 131 gross wells in FY14.
Chairman, CEO, and President at Rosetta, Mr. Jim Craddock, stated that the company has taken important steps in the past several months to position Rosetta on solid footing so that its shareholders will benefit the most from a commodity price recovery.
For Q1 FY15, Rosetta's production guidance range is 64 MBoe/d to 67 MBoe/d, and for full-year FY15 production is expected to range from 58 MBoe/d to 62 MBoe/d. Further, the company plans to spend up to $350 million in capital per year, operate within cash flow and deliver targeted annual production volumes of about 60 MBoe/d for the full-years FY15 and FY16. Visit Investor-Edge and access the latest research on ROSE at:
http://get.Investor-Edge.com/pdf/?c=Rosetta%20Resources&d=20-Mar-2015&s=ROSE
Stock Performance
On the day following the earnings release, February 24, 2015, Rosetta's stock plummeted 15.04% to end the session at $18.58. Since then, the stock has moved both ways. On the last close, Thursday, March 19, 2015, the company's shares finished 5.73% lower at $16.46, after vacillating between $16.43 and $17.25. A total of 2.73 million shares were traded which was below their three months average volume of 3.11 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 2.72% and 28.62%, respectively. Further, the stock has declined 27.71% in the past three months. Shares in Rosetta are trading below their 50-day and 200-day moving averages of $19.46 and $36.57, respectively.
Sneak Peek to Corporate Insider Trading
In the last one month, there were five corporate insider transactions made by five individuals. On February 25, 2015, a total of 69,285 shares have been purchased at an average price of $18.31 per share and for a total value of $1.27 million. The following are some of the aforesaid transactions: John E. Hagale, Executive Vice President and Chief Financial Officer at Rosetta, and John D. Clayton, Executive Vice President and Chief Operating Officer at Rosetta, bought 19,908 shares, each, at an average price of $18.31 per share. Nathan P. Murphy, Vice President, General Counsel and Chief Compliance Officer at Rosetta, purchased 11,183 shares at an average price of $18.31 per share. Complimentary in-depth research on ROSE is available at:
http://get.Investor-Edge.com/pdf/?c=Rosetta%20Resources&d=20-Mar-2015&s=ROSE
About Investor-Edge.com
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Investor-Edge
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article