Oasis Petroleum Receives New Coverage from Analysts at Iberia Capital (OAS)
Equities research analysts at Iberia Capital began coverage on shares of Oasis Petroleum (NYSE:OAS) in a research note issued to investors on Wednesday. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on OAS. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Oasis Petroleum in a research note on Wednesday, June 11th. They now have a $55.00 price target on the stock, up previously from $46.00. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Oasis Petroleum in a research note on Wednesday, May 7th. They now have a $59.00 price target on the stock, up previously from $56.00. Finally, analysts at Topeka Capital Markets raised their price target on shares of Oasis Petroleum from $52.00 to $56.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Oasis Petroleum presently has an average rating of “Buy” and an average price target of $53.55.
Oasis Petroleum (NYSE:OAS) opened at 51.84 on Wednesday. Oasis Petroleum has a 52 week low of $36.82 and a 52 week high of $57.33. The stock has a 50-day moving average of $49.11 and a 200-day moving average of $44.88. The company has a market cap of $5.245 billion and a P/E ratio of 14.27.
Oasis Petroleum (NYSE:OAS) last released its earnings data on Monday, May 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The company had revenue of $349.52 million for the quarter, compared to the consensus estimate of $337.02 million. Analysts expect that Oasis Petroleum will post $3.15 EPS for the current fiscal year.
Oasis Petroleum Inc is an exploration and production company. The Company focuses 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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