Oasis Petroleum Receives Consensus Recommendation of “Buy” from Brokerages (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, AnalystRatings.NET reports. Four investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $58.22.
Oasis Petroleum (NYSE:OAS) opened at 47.96 on Friday. Oasis Petroleum has a one year low of $37.86 and a one year high of $58.09. The stock has a 50-day moving average of $54.14 and a 200-day moving average of $47.44. The company has a market cap of $4.851 billion and a price-to-earnings ratio of 14.53.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the 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 $3.15 earnings per share for the current fiscal year.
OAS has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $59.00 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Oasis Petroleum in a research note on Thursday, August 7th. They now have a $65.00 price target on the stock, down previously from $70.00. Finally, analysts at KLR Group upgraded shares of Oasis Petroleum from an “accumulate” rating to a “buy” rating in a research note on Thursday, August 7th.
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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