Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Oasis Petroleum

Share:
Related OAS
Goldman Cuts Brent Forecasts (And Gives E&P M&A Ideas)
Leon Cooperman's Omega Advisors Sells Apple, Gilead; Buys Humana, GM And IBM
Tracking John Paulson's Paulson & Company Portfolio - Q1 2015 Update (Seeking Alpha)

In a report published Friday, Jefferies reiterated its Buy rating on Oasis Petroleum (NYSE: OAS), and raised its price target from $44.00 to $50.00.

Jefferies noted, “We believe visible 2014 growth of 25-30% is not reflected in the stock. Raising PT to $50 from $44 on the view that reserves could grow 41% in '13 and 27% in '14. 2013 production guidance in line with our prior expectations but assumes more wells. We think it could be conservative.”

Oasis Petroleum closed on Thursday at $35.88.

Latest Ratings for OAS

DateFirmActionFromTo
Apr 2015NomuraInitiates Coverage onNeutral
Apr 2015Goldman SachsInitiates Coverage onSell
Apr 2015CitigroupMaintainsSell

View More Analyst Ratings for OAS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (OAS)

Around the Web, We're Loving...

Get Benzinga's Newsletters