Jefferies Lifts Numbers on Oasis Petroleum (OAS); Shares Not Reflecting '14 Growth
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Price: $38.56 +3.66%
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade OAS Now!
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, with a 52 week range of $22.02-$36.68.
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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, with a 52 week range of $22.02-$36.68.
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