- Oasis Petroleum's (OAS +2%) price target is raised to $64 from $56 at Topeka Capital, which also reiterates its Buy rating for OAS shares based on improving drilling from the Forman Butte, Indian Hills and Red Bank areas in the Bakken shale.
- With WTI crude oil prices on track to average $103/bbl for the quarter, the firm says it is projecting 2Q14 earnings and cash flow of $0.81 and $2.30, vs. respective consensus of $0.73 and $2.15; it also "conservatively" raises its 2015 and 2016 production outlook by 1.6% and 3.9% for the improved well performance.