Energy (Oil & Gas) Stocks | NYSE | AMEX | NASDAQ

[Timothy Smith]

4 reasons I believe $ROSE a good growth play at under $47 a share:

Revenues are exploding at this small E&P producer. Sales are tracking to increase around 35% in FY2012 and analysts have the company producing over 30% growth in FY2013. The stock sports a five year projected PEG of under 1 (.92).

The company has doubled its operating cash flow over the past three years.

ROSE is a little over 10% above the price level several insiders made purchases at in May. In addition, Credit Suisse raised its priced target to $63 from $56 in August and maintained its "outperform." The analyst firm has the Rosetta making just under $9 a share in earnings for FY2014.

The new production the company is bringing on line is lessening its exposure to low natural gas prices. ROSE should be at a 60% plus ratio of oils & liquids by yearend.