Canaccord Genuity Reiterates a 'Buy' on Voyager Oil & Gas (VOG); Growth Profile Intact Despite Erratic Completion Schedule

Canaccord Genuity reiterates a 'Buy' on Voyager Oil & Gas (NYSE: VOG) price target of $4.50.

Canaccord analyst, Marcus Talbert, said, "We are reiterating our rating and target price based on Voyager Oil’s Q3/11 financial results and related operational update. At present, we believe the market does not fully appreciate Voyager’s core Bakken position, and we believe the stock is too cheap for a company with its asset base and relative growth potential. In our view, VOG shares offer meaningful upside and leverage to the strong ramp in Williston Basin drilling/production activity."

For an analyst ratings summary and ratings history on Voyager Oil & Gas click here. For more ratings news on Voyager Oil & Gas click here.

Shares of Voyager Oil & Gas closed at $2.59 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Meta to pay up to $16.68 billion in mass social media settlement
• BTIG Reiterates Buy Rating on Ship Finance International (SFL)
• HSBC Upgrades Bank of East Asia (23:HK) (BKEAY) to Buy