Oasis Petroleum PT Raised to $60.00 (OAS)
Equities researchers at Raymond James upped their price target on shares of Oasis Petroleum (NYSE:OAS) from $54.00 to $60.00 in a research report issued on Monday, Analyst Ratings Network.com reports. Raymond James’ price target would suggest a potential upside of 10.52% from the stock’s previous close.
Oasis Petroleum (NYSE:OAS) traded up 3.77% during mid-day trading on Monday, hitting $54.29. The stock had a trading volume of 2,148,711 shares. Oasis Petroleum has a 52 week low of $28.15 and a 52 week high of $53.11. The stock has a 50-day moving average of $45.40 and a 200-day moving average of $40.26. The company has a market cap of $5.078 billion and a price-to-earnings ratio of 26.96.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data 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. Analysts expect that Oasis Petroleum will post $2.99 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Dougherty & Co raised their price target on shares of Oasis Petroleum to $60.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Oasis Petroleum from $53.00 to $61.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of Oasis Petroleum from $55.00 to $58.00 in a research note to investors on Wednesday, October 2nd. They now have a “positive” rating on the stock. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.05.
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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