Canaccord Genuity Reiterates a 'Hold' on Oasis Petroleum (OAS); Minor Negatives Before Years of Strong Growth

Canaccord Genuity reiterates a 'Hold' on Oasis Petroleum (NYSE: OAS), PT $31.

Analyst, Marcus Talbert, said, "We are reiterating our rating following Oasis’s latest financial results and project updates. While OAS is 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 $28.38 yesterday.

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