Jefferies Starts Oasis Petroleum (OAS) at Hold

Jefferies initiates coverage on Oasis Petroleum (NYSE: OAS) with a Hold rating and a price target of $16.00.

Analyst Jonathan Wolff comments, "Extreme oil price leverage given pure Bakken position- our 2015 Brent price deck of $50.25 compares to the Street consensus of ~$65. Expect further oil production guidance reduction to protect balance sheet given further downshift in the crude curves."

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 $18.40 yesterday.

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