Jefferies Lifts Numbers on Oasis Petroleum (OAS); Shares Not Reflecting '14 Growth

February 1, 2013 9:22 AM EST Send to a Friend
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Price: $18.38 -27.18%

Rating Summary:
    28 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 17 | New: 2
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Jefferies raised its price target and estimates on Oasis Petroleum (NYSE: OAS) from $44 to $50.

The firm comments, "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."

Raises FY EPS from $1.40 to $1.43.

For an analyst ratings summary and ratings history on Oasis Petroleum click here. For more ratings news on Oasis Petroleum click here.

Shares of Oasis Petroleum closed at $35.88 yesterday.


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