Oasis Petroleum Inc. Hits New 52-Week High at $48.69 (OAS)
Oasis Petroleum (NYSE:OAS) set a new 52-week high during trading hours on Wednesday, StockRatingsNetwork.com reports. The company traded as high as $48.69 and last traded at $48.03, with a volume of 1,983,930 shares. The stock had previously closed at $47.20.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Oasis Petroleum (NYSE:OAS) in a research note to investors on Tuesday. They set a “conviction-buy” rating on the stock. Separately, 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. Finally, 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.
Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $50.52.
In other Oasis Petroleum news, COO Taylor L. Reid sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $43.52, for a total value of $1,305,600.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Oasis Petroleum has a 52 week low of $27.86 and a 52 week high of $47.41. The stock’s 50-day moving average is $41.56 and its 200-day moving average is $39.1. The company has a market cap of $4.495 billion and a P/E ratio of 24.32.
Oasis Petroleum (NYSE:OAS) last posted its quarterly 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. Analysts expect that Oasis Petroleum will post $2.95 EPS for the current fiscal year.
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.
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