UPDATE - Canaccord Genuity Downgrades Oasis Petroleum (OAS) to Hold; Core Bakken Assets Fully Valued
Tweet
Share
E-mailGet Alerts OAS Hot Sheet
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
Join SI Premium – FREE
UPDATE - Canaccord Genuity downgrades Oasis Petroleum (NYSE: OAS) from Buy to Hold. PT lowered from $35 to $32.
Canaccord analyst, Marcus Talbert, said, "Following a strong year of Bakken M&A activity and recent OAS share appreciation, we found it prudent to evaluate the relative productivity of the company’s West Williston position from a “sum of the parts” framework. After digging deeper into the state reported production results, we found a larger component of variability across the core position than previously modeled...While our conclusion highlights the robust returns associated with select regions of the West Williston position (Indian Hills), we are incrementally more cautious on the productivity of the broader West Williston asset base (Red Bank/Hebron)."
To see more ratings on OAS, Click Here
Canaccord analyst, Marcus Talbert, said, "Following a strong year of Bakken M&A activity and recent OAS share appreciation, we found it prudent to evaluate the relative productivity of the company’s West Williston position from a “sum of the parts” framework. After digging deeper into the state reported production results, we found a larger component of variability across the core position than previously modeled...While our conclusion highlights the robust returns associated with select regions of the West Williston position (Indian Hills), we are incrementally more cautious on the productivity of the broader West Williston asset base (Red Bank/Hebron)."
To see more ratings on OAS, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Downgrades oOh!media (OML:AU) to Equalweight
- JPMorgan Downgrades Rockwool (ROCKB:DC) (RKWBF) to Neutral
- JPMorgan Downgrades Bowman Consulting Group Ltd. (BWMN) to Underweight
Create E-mail Alert Related Categories
DowngradesRelated Entities
Bakken FormationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
