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.
COPYRIGHT VIOLATION NOTICE: “Oasis Petroleum (OAS) Coverage Initiated at Credit Suisse Group” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/11/oasis-petroleum-oas-coverage-initiated-at-credit-suisse-group.html.
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.
Receive News & Ratings for Oasis Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.