Oasis Petroleum Sets New 1-Year High at $57.46 (OAS)
Oasis Petroleum (NYSE:OAS)’s share price hit a new 52-week high on Wednesday , StockRatingsNetwork.com reports. The stock traded as high as $57.46 and last traded at $57.10, with a volume of 867,993 shares changing hands. The stock had previously closed at $56.49.
OAS has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Oasis Petroleum from $55.00 to $64.00 in a research note on Tuesday, July 1st. Separately, analysts at Raymond James upgraded shares of Oasis Petroleum from an “outperform” rating to a “strong-buy” rating in a research note on Monday, June 30th. They now have a $70.00 price target on the stock, up previously from $63.00. Finally, 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, June 30th. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $55.87.
The stock’s 50-day moving average is $52.29 and its 200-day moving average is $45.91. The company has a market cap of $5.781 billion and a price-to-earnings ratio of 15.55.
Oasis Petroleum (NYSE:OAS) last released its earnings data 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. Analysts expect that Oasis Petroleum will post $3.19 EPS for the current fiscal year.
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 shares were purchased at an average cost of $53.39 per share, with a total value of $106,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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