Market Overview

UPDATE: Oasis Petroleum Downgraded by KLR


KLR Group analyst Gail Nicholson released a note Friday, downgrading Oasis Petroleum (NYSE: OAS) from Buy to Accumulate and lowering price target to $54.

The report notes, "Oasis is currently operating 14 rigs and anticipates adding two additional rigs in '14. The company has allocated ~$1,250 million towards drilling and completion this year and plans to complete ~205 gross wells (~155.5 net, ~60% during 2H/14). We are currently modeling OAS will grow production ~40% in '14."

KLR valuation is based of of a calculated 15 percent discount rate, projecting an appreciation of 21 percent from the Thursday's closing price of $44.46 to the price target of $54.

Latest Ratings for OAS

Aug 2020Piper SandlerMaintainsUnderweight
Jun 2020UBSMaintainsNeutral
Apr 2020Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for OAS
View the Latest Analyst Ratings


Related Articles (OAS)

View Comments and Join the Discussion!

Posted-In: KLRDowngrades Price Target Analyst Ratings

Latest Ratings

MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at