Oasis Petroleum Sets New 1-Year High at $58.09 (OAS)
Oasis Petroleum (NYSE:OAS) hit a new 52-week high on Thursday , Stock Ratings Network reports. The company traded as high as $58.09 and last traded at $57.89, with a volume of 514,330 shares changing hands. The stock had previously closed at $57.19.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $65.00 price target on the stock, up previously from $54.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Oasis Petroleum in a research note on Friday, July 18th. They now have a $60.00 price target on the stock, up previously from $55.00. Finally, analysts at FBR Capital Markets initiated coverage on shares of Oasis Petroleum in a research note on Wednesday, July 16th. They set an “outperform” rating and a $72.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Oasis Petroleum has an average rating of “Buy” and a consensus price target of $58.09.
The stock has a 50-day moving average of $54.13 and a 200-day moving average of $46.67. The company has a market cap of $5.809 billion and a P/E ratio of 15.74.
Oasis Petroleum (NYSE:OAS) last announced its earnings results 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. On average, analysts predict that Oasis Petroleum will post $3.22 earnings per share 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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