Oasis Petroleum Price Target Increased to $61.00 by Analysts at SunTrust (OAS)
Analysts at SunTrust raised their price objective on shares of Oasis Petroleum (NYSE:OAS) from $53.00 to $61.00 in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. SunTrust’s target price indicates a potential upside of 18.95% from the company’s current price.
Shares of Oasis Petroleum (NYSE:OAS) traded up 1.52% during mid-day trading on Thursday, hitting $51.28. 1,588,888 shares of the company’s stock traded hands. Oasis Petroleum has a 52 week low of $28.15 and a 52 week high of $51.03. The stock’s 50-day moving average is $42.96 and its 200-day moving average is $39.58. The company has a market cap of $4.797 billion and a price-to-earnings ratio of 26.02.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 70.8% on a year-over-year basis. On average, analysts predict that Oasis Petroleum will post $3.00 earnings per share for the current fiscal year.
A number of other firms have also recently commented on OAS. Analysts at Northland Securities raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $55.00 to $58.00 in a research note to investors on Wednesday. They now have a “positive” rating on the stock. Separately, analysts at Northland Capital Partners raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $55.00 to $58.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie initiated coverage on shares of Oasis Petroleum (NYSE:OAS) in a research note to investors on Thursday, September 26th. They set an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $52.29.
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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