Jefferies Maintains a 'Hold' on Oasis Petroleum (OAS); Cost Containment Impressive, But Valuation Appears Full
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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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Jefferies maintains a 'Hold' on Oasis Petroleum (NYSE: OAS) price target cut from $34 to $31.
Jefferies analyst says, "OAS remains one of the top ways to play rising oil prices. Vertical integration coupled with oil, gas, and swd infrastructure should help tame cost inflation. Delineation and downspacing pilots will help support a share price that is discounting significant probable credit. At $31, we struggle to see material upside given our long-term oil price assumption of $85."
Analyst, Subash Chandra, lowers FY12 EPS estimate from $1.88 to $1.57.
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 $31.55 yesterday.
Jefferies analyst says, "OAS remains one of the top ways to play rising oil prices. Vertical integration coupled with oil, gas, and swd infrastructure should help tame cost inflation. Delineation and downspacing pilots will help support a share price that is discounting significant probable credit. At $31, we struggle to see material upside given our long-term oil price assumption of $85."
Analyst, Subash Chandra, lowers FY12 EPS estimate from $1.88 to $1.57.
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 $31.55 yesterday.
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