Oasis Petroleum Price Target Raised to $64.00 at Canaccord Genuity (OAS)
Stock analysts at Canaccord Genuity raised their target price on shares of Oasis Petroleum (NYSE:OAS) from $55.00 to $64.00 in a report issued on Tuesday. Canaccord Genuity’s price target points to a potential upside of 14.41% from the company’s current price.
Shares of Oasis Petroleum (NYSE:OAS) traded up 0.09% during mid-day trading on Tuesday, hitting $55.94. The stock had a trading volume of 1,428,157 shares. Oasis Petroleum has a 1-year low of $37.86 and a 1-year high of $57.33. The stock has a 50-day moving average of $51.05 and a 200-day moving average of $45.54. The company has a market cap of $5.660 billion and a price-to-earnings ratio of 15.38.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, May 5th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Oasis Petroleum will post $3.16 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on OAS. Analysts at Raymond James upgraded shares of Oasis Petroleum from an “outperform” rating to a “strong-buy” rating in a research note on Monday. They now have a $70.00 price target on the stock, up previously from $63.00. Separately, analysts at Topeka Capital Markets raised their price target on shares of Oasis Petroleum from $56.00 to $64.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of Oasis Petroleum in a research note on Wednesday, June 18th. They set an “outperform” rating and a $65.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $55.87.
In other Oasis Petroleum news, Director Ted Collins, Jr. purchased 2,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average cost of $53.39 per share, for a total transaction of $106,780.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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