UPDATE - UBS Upgraded Oasis Petroleum (OAS) to Buy; A Better Year Ahead
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Price: $109.30 --0%
Rating Summary:
17 Buy, 20 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 20 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - UBS upgraded Oasis Petroleum (NYSE: OAS) from Neutral to Buy. PT $33 unchanged.
UBS analyst says, "While OAS’ shares recovered ~18% in the last three trading sessions from its 9-month low, we see additional upside potential as prices still imply an attractive 0.70x on 2P NAV. With 2Q results season addressing concerns around OAS’ ‘11 production & capex, we believe investors will shift focus to the ‘12 growth outlook driven by an increase in drilling activity & well perform ance. We now estimate ‘12 volumes of 24.0 MBoed under a 10-12 rig program (up from 22.4 MBoed), above consensus of 21.3 MBoed. We raised our ‘12E EPS/CFPS to $1.95/$4.95 from $1.75/$4.45."
To see more ratings changes on OAS, Click Here
UBS analyst says, "While OAS’ shares recovered ~18% in the last three trading sessions from its 9-month low, we see additional upside potential as prices still imply an attractive 0.70x on 2P NAV. With 2Q results season addressing concerns around OAS’ ‘11 production & capex, we believe investors will shift focus to the ‘12 growth outlook driven by an increase in drilling activity & well perform ance. We now estimate ‘12 volumes of 24.0 MBoed under a 10-12 rig program (up from 22.4 MBoed), above consensus of 21.3 MBoed. We raised our ‘12E EPS/CFPS to $1.95/$4.95 from $1.75/$4.45."
To see more ratings changes on OAS, Click Here
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