Canaccord Genuity Reiterates a 'Buy' on Voyager Oil & Gas (VOG); Valuation Catalysts in 2012 to Substantiate Portfolio

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

Analyst, Marcus Talbert, said, "We are reiterating our rating and target price with greater conviction based on Voyager’s enhanced liquidity position and insights from our recent marketing event. In our view, the market is overly discounting Voyager’s core Bakken position, and we believe the stock is too cheap given its oily asset base and relative growth potential. With continued operational momentum by Bakken operators, Basin-wide activity should still translate into meaningful production and cash flow growth in ‘12."

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 $2.66 yesterday.

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