Oasis Petroleum Given Average Rating of “Buy” by Analysts (NYSE:OAS)
Shares of Oasis Petroleum (NYSE:OAS) have earned a consensus recommendation of “Buy” from the twenty analysts that are presently covering the stock, American Banking News.com reports. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $58.18.
OAS has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Oasis Petroleum in a research note on Thursday. They now have a $65.00 price target on the stock, down previously from $70.00. Separately, analysts at KLR Group upgraded shares of Oasis Petroleum from an “accumulate” rating to a “buy” rating in a research note on Thursday. Finally, analysts at Global Hunter Securities upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $65.00 price target on the stock, up previously from $54.00.
Oasis Petroleum (NYSE:OAS) traded up 0.24% during mid-day trading on Friday, hitting $46.562. 89,338 shares of the company’s stock traded hands. Oasis Petroleum has a 52 week low of $37.86 and a 52 week high of $58.09. The stock’s 50-day moving average is $54.47 and its 200-day moving average is $47.35. The company has a market cap of $4.710 billion and a price-to-earnings ratio of 14.20. Oasis Petroleum also was the recipient of some unusual options trading on Wednesday. Traders bought 997 call options on the company. This represents an increase of 186% compared to the average daily volume of 348 call options.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.04. The company had revenue of $372.38 million for the quarter, compared to the consensus estimate of $368.04 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 46.3% on a year-over-year basis. On average, analysts predict that Oasis Petroleum will post $3.16 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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