Canaccord Genuity Reiterates a 'Buy' on Voyager Oil & Gas (VOG); Operational Momentum by Bakken

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 based on Voyager Oil’s latest financial results and related operational update. In our view, the market does not fully appreciate Voyager’s core Bakken position and we believe the stock is too cheap for a company with its asset base and relative growth potential. While quarterly results should continue to be variable in the near term, our thesis on VOG’s core asset base and operational momentum by Bakken operators should still translate into meaningful production and cash flow growth in the next 12 months."

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 $2.14 yesterday.

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