Canaccord Genuity Reiterates a 'Hold' on Oasis Petroleum (OAS); Focus on Infrastructure Build-Out and Delineation
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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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Canaccord Genuity reiterates a 'Hold' on Oasis Petroleum (NYSE: OAS) price target raised to $34.00.
Analyst, Marcus Talbert, said, "We are reiterating our rating following Oasis’s year-end financial and operational update. While the company appears poised for multiple years of strong growth, we believe the shares are fairly valued from a risked NAV perspective. Our assessment of the company’s asset productivity in conjunction with the higher capital intensity concerns warrants a more cautious intermediate-term view. We remain of the opinion that pad drilling and batch completion operations will not drive meaningful efficiencies until 2013."
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 $34.48 yesterday.
Analyst, Marcus Talbert, said, "We are reiterating our rating following Oasis’s year-end financial and operational update. While the company appears poised for multiple years of strong growth, we believe the shares are fairly valued from a risked NAV perspective. Our assessment of the company’s asset productivity in conjunction with the higher capital intensity concerns warrants a more cautious intermediate-term view. We remain of the opinion that pad drilling and batch completion operations will not drive meaningful efficiencies until 2013."
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 $34.48 yesterday.
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