Oasis Petroleum Inc. Announces Public Offering of Common Stock

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Oasis Petroleum (OAS) PT Raised to $14 at Jefferies; Shares Could Re-Rate on Delaware Basin Deal

December 12, 2017 7:31 AM EST

Jefferies raised its price target on Oasis Petroleum (NYSE: OAS) to $14.00 (from $13.00) while maintaining a Buy rating after the company announced a 20,300 net acre acquisition in the Delaware Basin.

Analyst Michael Hsu said the acquisition places OAS in a prolific, oily... More