Oasis Petroleum Inc. (OAS) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Oasis Petroleum Inc. (NYSE:OAS) have been given an average recommendation of “Buy” by the thirty-two research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.46.
A number of research analysts recently weighed in on the company. BidaskClub downgraded Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Sunday, August 13th. ValuEngine downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Williams Capital set a $13.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Oasis Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd.
Oasis Petroleum (NYSE OAS) traded up 2.65% on Friday, hitting $7.35. The company had a trading volume of 5,601,512 shares. The stock’s 50-day moving average price is $7.77 and its 200 day moving average price is $11.06. The company’s market capitalization is $1.75 billion. Oasis Petroleum has a one year low of $6.90 and a one year high of $17.08.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $255.41 million. During the same period in the prior year, the business earned ($0.11) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, analysts expect that Oasis Petroleum will post ($0.12) EPS for the current fiscal year.
In related news, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the transaction, the insider now owns 1,175,727 shares in the company, valued at $9,194,185.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Thomas B. Nusz sold 187,236 shares of the company’s 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 completion of the transaction, the chairman now owns 1,469,546 shares in the company, valued at approximately $13,960,687. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of OAS. Federated Investors Inc. PA purchased a new position in Oasis Petroleum during the second quarter valued at approximately $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 last quarter. Advisory Services Network LLC increased its position in Oasis Petroleum by 14.1% in the second quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after buying an additional 2,400 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in Oasis Petroleum during the second quarter valued at approximately $161,000. Finally, 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 last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.
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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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