Oasis Petroleum (NYSE:OAS) was downgraded by Guggenheim from a “buy” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.
Other equities research analysts have also recently issued research reports about the company. Piper Jaffray Companies set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, October 16th. Jefferies Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Oasis Petroleum in a research note on Tuesday, October 3rd. Royal Bank of Canada set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, August 24th. KeyCorp set a $11.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Cowen reiterated a “buy” rating and issued a $10.00 price target on shares of Oasis Petroleum in a report on Sunday, October 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.73.
Shares of Oasis Petroleum (NYSE OAS) opened at $8.33 on Wednesday. Oasis Petroleum has a one year low of $6.69 and a one year high of $16.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of OAS. Dimensional Fund Advisors LP lifted its holdings in Oasis Petroleum by 81.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 19,638,432 shares of the energy producer’s stock worth $297,326,000 after acquiring an additional 8,816,593 shares during the period. Paulson & CO. Inc. bought a new stake in Oasis Petroleum during the fourth quarter worth $78,536,000. Encompass Capital Advisors LLC bought a new stake in Oasis Petroleum during the fourth quarter worth $32,350,000. Bank of New York Mellon Corp lifted its holdings in Oasis Petroleum by 90.4% during the second quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after acquiring an additional 2,732,234 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Oasis Petroleum during the first quarter worth $18,652,000. Institutional investors own 93.94% 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.
