Oasis Petroleum Rating Reiterated by SunTrust (OAS)
Oasis Petroleum (NYSE:OAS)‘s stock had its “buy” rating reaffirmed by equities researchers at SunTrust in a research report issued on Monday, Stock Ratings News reports. They currently have a $61.00 price target on the stock. SunTrust’s target price points to a potential upside of 12.36% from the stock’s previous close.
Shares of 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 1-year low of $28.15 and a 1-year high of $53.11. The stock’s 50-day moving average is $45.40 and its 200-day moving average is $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 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. Analysts expect that Oasis Petroleum will post $2.99 EPS for the current fiscal year.
A number of other firms have also recently commented on OAS. Analysts at Raymond James raised their price target on shares of Oasis Petroleum from $54.00 to $60.00 in a research note to investors on Monday. Separately, 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. 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 issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average 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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