UPDATE: Wunderlich Securities Initiates Voyager Oil & Gas with Hold, $2 PT on Lack of Catalyst

Wunderlich Securities initiates its coverage on Voyager Oil & Gas

with a Hold rating and a price target of $2 a share Wunderlich Securities says, "The company has acquired about 33,000 net acres in the Williston Basin and also has 33,500 net acres in the Heath shale. Currently Voyager is focused on deploying capital on a non-operated basis to its Williston acreage in order to increase production and cash flows. We expect the company to exhibit significant production, earnings, and cash flow growth. However, we believe the majority of these potential increases are currently priced into the stock and potential liquidity constraints in the future make us cautious on VOG at this time." VOG closed at $1.79 on Wednesday.