Oasis Petroleum (NYSE:OAS) is now being covered by banking giant Wells Fargo (NYSE:WFC), where they were started off with an "Outperform."
"Following its recent IPO, Oasis is uniquely positioned among small-cap E&Ps as being a well-funded, high-growth, oil-dominated company. We believe its shares will continue to fare well as long-term oil fundamentals remain widely preferred with E&P investors. Our NAV estimate for OAS is $22.11/share, offering roughly 23 percent potential upside from current market levels," said the Wells analyst.
They also have a valuation range on Oasis from $21 to $23.
Through its subsidiary, Oasis Petroleum LLC, Oasis Petroleum participates in the acquisition and development of oil and natural gas resources primarily in the Williston Basin.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment