Oasis Petroleum Now Covered by Analysts at Goldman Sachs Group Inc. (OAS)
Goldman Sachs Group Inc. assumed coverage on shares of Oasis Petroleum (NYSE:OAS) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “conviction-buy” rating on the stock.
Oasis Petroleum (NYSE:OAS) remained flat at $44.94 during trading on Tuesday. The stock had a trading volume of 212,976 shares. Oasis Petroleum has a one year low of $27.86 and a one year high of $45.38. The stock’s 50-day moving average is $41.45 and its 200-day moving average is $39.06. The company has a market cap of $4.204 billion and a price-to-earnings ratio of 23.15.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $246.47 million. The company’s revenue for the quarter was up 70.8% on a year-over-year basis. On average, analysts predict that Oasis Petroleum will post $2.94 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $49.00 to $54.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $48.00 to $49.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $42.00 to $48.00 in a research note to investors on Monday, September 9th. They now have a “market perform” rating on the stock.
Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Oasis Petroleum has a consensus rating of “Buy” and a consensus target price of $50.52.
In other Oasis Petroleum news, COO Taylor L. Reid unloaded 30,000 shares of the company’s stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $43.52, for a total transaction of $1,305,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Oasis Petroleum Inc is an exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.