UPDATE: Stifel Starts Oasis Petroleum (OAS) at Buy

Stifel analyst Derrick Whitfield initiates coverage on Oasis Petroleum (NASDAQ: OAS) with a Buy rating and a price target of $58.00.

The analyst comments "In our view, OAS has the right strategy (return of capital) and cost structure (low leverage) to thrive in the current environment. The company can also return 100% of its enterprise value by 2027, offering significant value now and upside in the future as the company further optimizes its operations. In short, we are bullish on management's return of capital strategy and the company's differentiated position to deliver against it. Notably, OAS offers the second-highest FCF yield within our E&P universe."

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 $45.50 yesterday.

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