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Oasis Petroleum Inc. (OAS) [hlAlert]

Rating:
Neutral OAS

Oasis Petroleum Inc. (OAS) rated Neutral with price target $46 by Citigroup

Posted on: Wednesday,  Feb 12, 2014  8:25 AM ET by Citigroup

Oasis Petroleum Inc. (NYSE:
OAS) rated Neutral with price target $46 by Citigroup.

Oasis Petroleum Inc. is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas resources. The Company?s assets, which consist of proved and unproved oil and natural gas properties, are located primarily in the Montana and North Dakota areas of the Williston Basin, and are owned by Oasis Petroleum North America LLC (OPNA), a wholly owned subsidiary of the Company. As of December 31, 2010, the Company accumulated 303,231 net leasehold acres in the Williston Basin. The Company is focused on exploiting what it has identified as a resource potential from the Bakken and Three Forks formations, which are present across its acreage. During the year ended December 31, 2010, the Company drilled and completed 26 gross operated wells in the Williston Basin and found hydrocarbons. In Williston Basin the Company acquired three primary project areas: West Williston, East Nesson and Sanish.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/12/2014 8:25 AM Hold
None
42.23 46.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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