Oasis Petroleum Inc. (OAS) Price Target Raised to $12.00
Oasis Petroleum Inc. (NYSE:OAS) had its price target lifted by investment analysts at Wunderlich from $10.00 to $12.00 in a report issued on Wednesday, StockTargetPrices.com reports. The firm presently has a “hold” rating on the stock. Wunderlich’s price target would indicate a potential upside of 13.53% from the company’s current price.
Several other analysts have also recently weighed in on OAS. Morgan Stanley reissued a “hold” rating and issued a $12.00 price objective on shares of Oasis Petroleum in a research note on Friday, August 5th. Mizuho reissued a “buy” rating on shares of Oasis Petroleum in a research note on Tuesday. Nomura reissued a “hold” rating and issued a $17.00 price objective on shares of Oasis Petroleum in a research note on Monday, September 26th. Vetr raised shares of Oasis Petroleum from a “buy” rating to a “strong-buy” rating and set a $11.50 price target on the stock in a research report on Tuesday, August 23rd. Finally, Citigroup Inc. upped their price target on shares of Oasis Petroleum from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Oasis Petroleum currently has a consensus rating of “Hold” and an average price target of $12.08.
Shares of Oasis Petroleum (NYSE:OAS) opened at 10.57 on Wednesday. The firm’s market cap is $1.91 billion. The company has a 50 day moving average price of $10.36 and a 200-day moving average price of $9.50. Oasis Petroleum has a 52-week low of $3.40 and a 52-week high of $13.72.
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Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.04. Oasis Petroleum had a negative net margin of 17.91% and a negative return on equity of 1.22%. The company had revenue of $179 million for the quarter, compared to analysts’ expectations of $184.47 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Oasis Petroleum’s revenue for the quarter was down 22.2% on a year-over-year basis. On average, analysts expect that Oasis Petroleum will post ($0.62) earnings per share for the current fiscal year.
In related news, major shareholder Advisory Corp Spo sold 2,975,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $11.56, for a total value of $34,399,092.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Thomas B. Nusz sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $8.92, for a total value of $1,784,000.00. Following the completion of the transaction, the chairman now directly owns 1,590,772 shares of the company’s stock, valued at $14,189,686.24. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of OAS. Schonfeld Strategic Advisors LLC purchased a new stake in Oasis Petroleum during the first quarter valued at $1,217,000. Price Michael F increased its stake in Oasis Petroleum by 66.7% in the first quarter. Price Michael F now owns 100,000 shares of the company’s stock valued at $728,000 after buying an additional 40,000 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Oasis Petroleum during the first quarter valued at $18,652,000. Kennedy Capital Management Inc. purchased a new stake in Oasis Petroleum during the first quarter valued at $3,655,000. Finally, NorthRock Partners LLC purchased a new stake in Oasis Petroleum during the first quarter valued at $218,000. 89.80% of the stock is owned by institutional investors and hedge funds.
Oasis Petroleum Company Profile
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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