Oasis Petroleum Inc. (OAS) Downgraded by Deutsche Bank AG
Oasis Petroleum Inc. (NYSE:OAS) was downgraded by stock analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
OAS has been the subject of a number of other reports. Williams Capital reaffirmed a “hold” rating and set a $15.00 price objective on shares of Oasis Petroleum in a research report on Monday, May 15th. Cowen and Company set a $14.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, July 10th. Bank of America Corporation cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $16.00 in a research report on Thursday, May 11th. SunTrust Banks, Inc. raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $17.00 in a research report on Wednesday, May 3rd. Finally, UBS AG raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $14.00 to $13.00 in a research report on Thursday, June 8th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.19.
Shares of Oasis Petroleum (NYSE:OAS) opened at 7.79 on Tuesday. The stock has a 50 day moving average of $9.70 and a 200-day moving average of $12.86. The firm’s market capitalization is $1.85 billion. Oasis Petroleum has a 52 week low of $6.56 and a 52 week high of $17.08.
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 the Zacks’ consensus estimate of ($0.07) by $0.02. Oasis Petroleum had a negative net margin of 18.00% and a negative return on equity of 2.88%. The firm had revenue of $285.10 million during the quarter, compared to analysts’ expectations of $252.72 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The company’s revenue for the quarter was up 119.3% compared to the same quarter last year. Equities analysts anticipate that Oasis Petroleum will post ($0.10) earnings per share for the current fiscal year.
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/18/oasis-petroleum-inc-oas-downgraded-by-deutsche-bank-ag.html.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the transaction, the chairman now directly owns 1,469,546 shares in the company, valued at approximately $13,960,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Lenox Wealth Advisors acquired a new position in Oasis Petroleum during the fourth quarter worth about $0. Beacon Capital Management acquired a new position in Oasis Petroleum during the fourth quarter worth about $0. IFP Advisors Inc boosted its position in Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the energy producer’s stock worth $101,000 after buying an additional 100 shares during the last quarter. AMP Capital Investors Ltd acquired a new position in Oasis Petroleum during the first quarter worth about $102,000. Finally, CSS LLC IL acquired a new position in Oasis Petroleum during the third quarter worth about $115,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.
About Oasis Petroleum
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.
Receive News & Ratings for Oasis Petroleum Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum Inc. and related companies with MarketBeat.com's FREE daily email newsletter.