Oasis Petroleum Inc. (OAS) Given Average Recommendation of “Buy” by Analysts
Shares of Oasis Petroleum Inc. (NYSE:OAS) have received a consensus rating of “Buy” from the thirty-five research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, nineteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.21.
A number of research firms have recently commented on OAS. Williams Capital restated a “hold” rating and set a $15.00 price objective on shares of Oasis Petroleum in a report on Monday, May 15th. Bank of America Corporation downgraded Oasis Petroleum from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $16.00 in a report on Thursday, May 11th. SunTrust Banks, Inc. upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $17.00 in a report on Wednesday, May 3rd. Seaport Global Securities upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, March 31st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of Oasis Petroleum in a report on Friday, March 31st.
In other news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the transaction, the chairman now owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Oasis Petroleum by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 19,887,696 shares of the energy producer’s stock valued at $283,596,000 after buying an additional 249,264 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Oasis Petroleum by 5.0% in the first quarter. Vanguard Group Inc. now owns 19,396,245 shares of the energy producer’s stock worth $276,591,000 after buying an additional 917,054 shares in the last quarter. State Street Corp boosted its position in shares of Oasis Petroleum by 2.4% in the first quarter. State Street Corp now owns 7,963,283 shares of the energy producer’s stock worth $113,555,000 after buying an additional 183,380 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Oasis Petroleum by 21.4% in the first quarter. Alliancebernstein L.P. now owns 6,585,806 shares of the energy producer’s stock worth $93,914,000 after buying an additional 1,161,691 shares in the last quarter. Finally, Caymus Capital Partners L.P. boosted its position in shares of Oasis Petroleum by 48.5% in the first quarter. Caymus Capital Partners L.P. now owns 4,153,200 shares of the energy producer’s stock worth $59,225,000 after buying an additional 1,356,200 shares in the last quarter. 98.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oasis Petroleum (OAS) traded up 2.72% during midday trading on Tuesday, hitting $7.93. The stock had a trading volume of 9,205,148 shares. Oasis Petroleum has a 12-month low of $6.56 and a 12-month high of $17.08. The stock’s market cap is $1.88 billion. The stock has a 50-day moving average price of $10.50 and a 200-day moving average price of $13.21.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Monday, May 8th. The energy producer reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $285.10 million during the quarter, compared to the consensus estimate of $252.72 million. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The business’s revenue for the quarter was up 119.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) EPS. Equities analysts forecast that Oasis Petroleum will post ($0.08) earnings per share for the current year.
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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, Well Services, and Midstream Services.
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