Oasis Petroleum Inc. (NYSE:OAS) Lowered to “Sell” at ValuEngine
Oasis Petroleum Inc. (NYSE:OAS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday.
A number of other research firms have also issued reports on OAS. Williams Capital reissued a “hold” rating and set a $15.00 price target on shares of Oasis Petroleum in a report on Monday, May 15th. Cowen and Company set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, July 10th. Bank of America Corporation lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $16.00 in a research note on Thursday, May 11th. SunTrust Banks, Inc. raised Oasis Petroleum from a “hold” rating to a “buy” rating and boosted their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, May 3rd. Finally, UBS AG upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $14.00 to $13.00 in a research report on Thursday, June 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.54.
Oasis Petroleum (NYSE:OAS) traded down 3.11% on Monday, hitting $7.80. The stock had a trading volume of 11,650,104 shares. The company’s market cap is $1.85 billion. The firm’s 50-day moving average is $7.93 and its 200-day moving average is $11.58. Oasis Petroleum has a 52-week low of $6.67 and a 52-week high of $17.08.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The business had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $255.41 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The business’s revenue was up 42.0% compared to the same quarter last year. Equities research analysts anticipate that Oasis Petroleum will post ($0.15) earnings per share for the current fiscal year.
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In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction on 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 sale, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of OAS. Federated Investors Inc. PA bought a new position in shares of Oasis Petroleum during the second quarter valued at $121,000. Teacher Retirement System of Texas increased its position in Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after buying an additional 1,100 shares during the period. Bourgeon Capital Management LLC acquired a new position in Oasis Petroleum during the second quarter valued at approximately $161,000. DekaBank Deutsche Girozentrale increased its position in Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after buying an additional 1,526 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Oasis Petroleum during the second quarter valued at approximately $167,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
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