Market Overview

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

Related OAS
Did Delivering Alpha Mavens Move Market?
Goldman Sachs, JPMorgan Chase Report Strong Earnings; Retail Numbers Fall Below Estimates

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.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (OAS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional