As reported earlier, SunTrust analyst Neal Dingmann upgraded Oasis Petroleum to Hold from Sell and raised his price target to $11 from $9. The analyst notes that the stock is down about 33% quarter-to-date, coming under pressure similar to other Bakken operators, but believes that the selloff is overblown as it is "largely driven by widened Clearbrook and Guernsey differentials". Dingmann adds that Oasis Petroleum may be preparing for a "more aggressive 2019 Delaware program and likely even more aggressive Bakken" efforts where it has added a rig this quarter. The analyst further points to its attractive valuation of 4.3-times expected EBITDA vs. 4.6-times peer group average.