Morgan Stanley Reiterates “Equal Weight” Rating for Oasis Petroleum Inc. (OAS)
Oasis Petroleum Inc. (NYSE:OAS)‘s stock had its “equal weight” rating restated by equities researchers at Morgan Stanley in a research report issued on Saturday.
OAS has been the topic of a number of other research reports. Cowen and Company set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, July 10th. UBS AG upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and reduced their target price for the company from $14.00 to $13.00 in a research report on Thursday, June 8th. BMO Capital Markets set a $11.00 target price on Oasis Petroleum and gave the company a “buy” rating in a research report on Sunday, August 13th. Deutsche Bank AG downgraded Oasis Petroleum from a “buy” rating to a “hold” rating and reduced their target price for the company from $18.00 to $11.00 in a research report on Tuesday, July 18th. Finally, ValuEngine cut Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the company. Oasis Petroleum has a consensus rating of “Hold” and a consensus price target of $14.48.
Oasis Petroleum (OAS) opened at 8.32 on Friday. The firm has a 50-day moving average price of $7.54 and a 200 day moving average price of $10.10. The company’s market cap is $1.98 billion. Oasis Petroleum has a 12 month low of $6.69 and a 12 month 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, beating 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 company had revenue of $254.10 million for the quarter, compared to the consensus estimate of $255.41 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. Equities research analysts predict that Oasis Petroleum will post ($0.14) EPS for the current year.
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In other news, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at approximately $9,194,185.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of OAS. Federated Investors Inc. PA purchased a new stake in shares of Oasis Petroleum in the 2nd quarter valued at about $121,000. Teacher Retirement System of Texas lifted its holdings in shares of Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after purchasing an additional 1,100 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Oasis Petroleum by 14.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after purchasing an additional 2,400 shares during the last quarter. Bourgeon Capital Management LLC purchased a new stake in shares of Oasis Petroleum in the 2nd quarter valued at about $161,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Oasis Petroleum by 14.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after purchasing an additional 1,526 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.
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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