Oasis Petroleum Inc. (OAS) Receives Average Rating of “Hold” from Analysts

Oasis Petroleum Inc. (NYSE:OAS) has received a consensus recommendation of “Hold” from the twenty-eight analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $11.57.

A number of research analysts have commented on OAS shares. Piper Jaffray Companies set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, October 16th. Morgan Stanley lowered their price objective on shares of Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. Goldman Sachs Group upgraded shares of Oasis Petroleum from a “sell” rating to a “neutral” rating in a report on Thursday, October 19th. KeyCorp set a $11.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Cowen restated a “buy” rating and set a $10.00 target price on shares of Oasis Petroleum in a report on Sunday, October 22nd.

A number of hedge funds have recently modified their holdings of OAS. Renaissance Technologies LLC bought a new stake in Oasis Petroleum in the 2nd quarter valued at $17,572,000. GMT Capital Corp acquired a new stake in Oasis Petroleum during the 3rd quarter worth about $19,487,000. State Street Corp lifted its position in Oasis Petroleum by 24.3% during the 2nd quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after acquiring an additional 1,931,992 shares during the period. Victory Capital Management Inc. lifted its position in Oasis Petroleum by 70.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,248,238 shares of the energy producer’s stock worth $29,624,000 after acquiring an additional 1,340,371 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Oasis Petroleum during the 3rd quarter worth about $10,935,000. Hedge funds and other institutional investors own 83.77% of the company’s stock.

Oasis Petroleum (NYSE:OAS) traded down $0.37 during trading on Friday, reaching $7.35. The company’s stock had a trading volume of 5,632,046 shares, compared to its average volume of 9,163,102. 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 has a twelve month low of $6.69 and a twelve month high of $15.27. The company has a market capitalization of $2,127.57, a P/E ratio of -28.23 and a beta of 2.23.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same period in the prior year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up 71.9% on a year-over-year basis. equities analysts expect that Oasis Petroleum will post -0.05 EPS for the current fiscal year.

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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.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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