Oasis Petroleum Inc. (OAS) Stock Rating Reaffirmed by Piper Jaffray Companies
Oasis Petroleum Inc. (NYSE:OAS)‘s stock had its “overweight” rating reissued by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday.
OAS has been the subject of several other reports. Jefferies Group LLC set a $13.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Bank of America Corporation initiated coverage on Oasis Petroleum in a report on Wednesday, July 19th. They set a “neutral” rating and a $9.00 target price on the stock. Citigroup Inc. dropped their target price on Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus reissued a “hold” rating and set a $11.00 target price on shares of Oasis Petroleum in a report on Sunday, September 3rd. Finally, Royal Bank Of Canada set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. Oasis Petroleum presently has an average rating of “Hold” and an average price target of $13.81.
Shares of Oasis Petroleum (OAS) traded down 0.173% during trading on Tuesday, hitting $8.655. The stock had a trading volume of 3,971,479 shares. Oasis Petroleum has a one year low of $6.69 and a one year high of $17.08. The firm’s 50-day moving average is $8.26 and its 200-day moving average is $9.41. The firm’s market cap is $2.05 billion.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The business had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The business’s revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. Equities research analysts forecast that Oasis Petroleum will post ($0.16) EPS for the current year.
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In other news, insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total transaction of $391,000.00. Following the transaction, the insider now directly owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Bellwether Investment Group LLC grew its holdings in shares of Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after acquiring an additional 1,463 shares in the last quarter. Hellman Jordan Management Co. Inc. MA purchased a new position in shares of Oasis Petroleum during the 2nd quarter valued at $509,000. Westpac Banking Corp grew its holdings in shares of Oasis Petroleum by 16.1% during the 2nd quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock valued at $3,723,000 after acquiring an additional 64,023 shares in the last quarter. Caymus Capital Partners L.P. grew its holdings in shares of Oasis Petroleum by 50.2% during the 2nd quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock valued at $50,229,000 after acquiring an additional 2,086,400 shares in the last quarter. Finally, Piermont Capital Management Inc. purchased a new position in shares of Oasis Petroleum during the 2nd quarter valued at $1,728,000. Institutional investors and hedge funds own 93.57% 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.
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