Oasis Petroleum (NYSE:OAS) has been given a $14.00 target price by equities research analysts at Raymond James Financial in a report issued on Tuesday. The firm presently has a “buy” rating on the energy producer’s stock. Raymond James Financial’s price target points to a potential upside of 68.07% from the stock’s previous close.
A number of other equities analysts have also issued reports on OAS. Mizuho reissued a “hold” rating and set a $10.00 price target on shares of Oasis Petroleum in a research report on Friday, September 29th. Williams Capital set a $13.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada set a $14.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Oasis Petroleum in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.68.
Oasis Petroleum (OAS) traded down $1.73 on Tuesday, reaching $8.33. 87,714,962 shares of the company’s stock were exchanged, compared to its average volume of 8,941,422. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $16.73. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. During the same period last year, the firm posted ($0.19) EPS. Oasis Petroleum’s revenue for the quarter was up 71.9% compared to the same quarter last year. analysts expect that Oasis Petroleum will post -0.09 EPS for the current year.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in OAS. Teacher Retirement System of Texas grew its stake in 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 acquiring an additional 1,100 shares during the period. Bank of New York Mellon Corp grew its stake in Oasis Petroleum by 90.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock valued at $46,330,000 after acquiring an additional 2,732,234 shares during the period. Turner Investments LLC acquired a new stake in Oasis Petroleum in the 2nd quarter valued at $536,000. Marshall Wace North America L.P. acquired a new stake in Oasis Petroleum in the 2nd quarter valued at $167,000. Finally, William Blair Investment Management LLC grew its stake in Oasis Petroleum by 21.4% in the 2nd quarter. William Blair Investment Management LLC now owns 1,579,190 shares of the energy producer’s stock valued at $12,712,000 after acquiring an additional 278,669 shares during the period. 93.94% of the stock is currently owned by hedge funds and other institutional investors.
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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.