Seeking Alpha

Jefferies raises its ratings on Newfield Exploration (NFX +5.3%) and Oasis Petroleum (OAS +4.6%)...

Jefferies raises its ratings on Newfield Exploration (NFX +5.3%) and Oasis Petroleum (OAS +4.6%) to Buy from Hold. Jefferies likes NFX's valuation as well as the chance for production beats this year, and it suspects NFX has been conservative with its flat production guidance for 2012. The firm also recommends OAS, citing its higher long-term forecast for WTI oil prices.
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