Oasis Petroleum (OAS) Coverage Initiated at Credit Suisse Group

Equities research analysts at Credit Suisse Group initiated coverage on shares of Oasis Petroleum (NYSE:OAS) in a research report issued on Thursday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $11.00 price target on the energy producer’s stock. Credit Suisse Group’s target price would suggest a potential upside of 41.75% from the stock’s current price.

OAS has been the subject of a number of other research reports. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Evercore ISI raised Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research note on Friday, November 3rd. KeyCorp reaffirmed an “overweight” rating on shares of Oasis Petroleum in a research note on Wednesday, November 8th. Morgan Stanley dropped their price objective on 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. Finally, Cowen reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Oasis Petroleum in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.96.

Oasis Petroleum (OAS) traded up $0.04 during midday trading on Thursday, hitting $7.76. The stock had a trading volume of 12,055,648 shares, compared to its average volume of 8,955,822. The company has a market capitalization of $2,089.87, a price-to-earnings ratio of -29.85 and a beta of 2.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76. Oasis Petroleum has a 1 year low of $6.69 and a 1 year high of $15.27.

Institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. bought a new position in Oasis Petroleum during the fourth quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after buying an additional 7,720 shares during the last quarter. Cerebellum GP LLC bought a new position in Oasis Petroleum during the fourth quarter valued at approximately $129,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Oasis Petroleum during the third quarter valued at approximately $142,000. Finally, Sei Investments Co. boosted its stake in Oasis Petroleum by 16,797.3% during the third quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock valued at $174,000 after buying an additional 18,981 shares during the last quarter. 83.77% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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