Oasis Petroleum price target raised to $64 from $55 at Canaccord Canaccord raised its price target on Oasis Petroleum to $64 from $55 to reflect its leadership in bringing down costs, its status as one of the largest players in the Williston Basin, and its solid execution. The firm has a Buy rating on the stock.
Oasis Petroleum sees 2015 total capital expenditure budget $705M Oasis Petroleum expects a $705M total capital expenditure budget for 2015, with approximately 80% allocated for drilling and completion CapEx. It is targeting average daily production to range between 45,000 to 49,000 Boepd, representing an approximate 3% increase at the midpoint of 2015 over 2014 average daily production. The company said it is exploring financing opportunities for Oasis Midstream Services. OMS assets have historically included primarily salt water disposal ("SWD") pipelines and wells. In