NEW YORK (TheStreet) -- Shares of Rosetta Resources Inc. (ROSE) are higher by 0.50% to $37.46 in pre-market trading on Thursday, following a ratings upgrade to "outperform" from "market perform" at BMO Capital.
The firm said it raised its rating on the independent exploration and production company based on its belief Rosetta Resources will be able to deliver positive debt-adjusted growth and improved capital efficiency in 2015 and for years after.
BMO Capital also said the company has an attractive risk/reward and strong fundamentals.
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BMO Capital raised its price target on Rosetta Resources to $50 from $47.
Separately, TheStreet Ratings team rates ROSETTA RESOURCES INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate ROSETTA RESOURCES INC (ROSE) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and a generally disappointing performance in the stock itself."