Oasis Petroleum Inc. (NYSE:OAS) Receives Average Rating of “Buy” from Brokerages
Shares of Oasis Petroleum Inc. (NYSE:OAS) have been given an average rating of “Buy” by the thirty-seven analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, twenty have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $14.30.
A number of equities analysts have weighed in on OAS shares. Bank of America Corporation started coverage on shares of Oasis Petroleum in a research note on Wednesday, July 19th. They set a “neutral” rating and a $9.00 target price for the company. Citigroup Inc. decreased their target price on shares of Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday. Credit Suisse Group reaffirmed a “neutral” rating and set a $19.00 target price on shares of Oasis Petroleum in a research note on Friday, June 2nd. Royal Bank Of Canada set a $19.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Oasis Petroleum in a research note on Thursday, July 6th.
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 shares were sold at an average price of $9.50, for a total value of $1,778,742.00. Following the transaction, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in 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. increased its position in Oasis Petroleum by 5.0% in the first quarter. Vanguard Group Inc. now owns 19,396,245 shares of the energy producer’s stock valued at $276,591,000 after buying an additional 917,054 shares during the last quarter. State Street Corp increased its position in Oasis Petroleum by 2.4% in the first quarter. State Street Corp now owns 7,963,283 shares of the energy producer’s stock valued at $113,555,000 after buying an additional 183,380 shares during the last quarter. Alliancebernstein L.P. increased its position in Oasis Petroleum by 21.4% in the first quarter. Alliancebernstein L.P. now owns 6,585,806 shares of the energy producer’s stock valued at $93,914,000 after buying an additional 1,161,691 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its position in Oasis Petroleum by 5.3% in the second quarter. Hermes Investment Management Ltd. now owns 4,266,576 shares of the energy producer’s stock valued at $34,346,000 after buying an additional 215,806 shares during the last quarter. Institutional investors and hedge funds own 97.50% of the company’s stock.
Oasis Petroleum (NYSE:OAS) traded down 0.40% during trading on Monday, reaching $7.46. The company’s stock had a trading volume of 7,559,865 shares. The firm’s market cap is $1.77 billion. Oasis Petroleum has a one year low of $6.56 and a one year high of $17.08. The company has a 50-day moving average of $8.34 and a 200 day moving average of $12.06.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, beating 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 business had revenue of $285.10 million during the quarter, compared to the consensus estimate of $252.72 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The business’s revenue for the quarter was up 119.3% on a year-over-year basis. Analysts expect that Oasis Petroleum will post ($0.13) EPS for the current fiscal year.
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.