Oasis Petroleum (NYSE:OAS) has been assigned a $14.00 price target by Jefferies Group in a research report issued on Wednesday. The firm presently has a “buy” rating on the energy producer’s stock. Jefferies Group’s price objective indicates a potential upside of 71.99% from the stock’s previous close. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.10) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.03) EPS, Q3 2019 earnings at $0.10 EPS and FY2019 earnings at $0.36 EPS.
Several other research analysts have also issued reports on the company. Macquarie lowered Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Thursday. Morgan Stanley upped their target price on Oasis Petroleum from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday. Guggenheim lowered Oasis Petroleum from a “buy” rating to a “neutral” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Oasis Petroleum in a research report on Wednesday. Finally, Raymond James Financial set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.50.
Shares of Oasis Petroleum (OAS) traded up $0.04 during trading hours on Wednesday, reaching $8.14. The company had a trading volume of 7,036,491 shares, compared to its average volume of 9,095,748. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $16.73. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the sale, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Beacon Capital Management purchased a new position in Oasis Petroleum during the fourth quarter worth approximately $0. Lenox Wealth Advisors purchased a new position in Oasis Petroleum during the fourth quarter worth approximately $0. CSS LLC IL purchased a new position in Oasis Petroleum during the third quarter worth approximately $115,000. Usca Ria LLC purchased a new position in Oasis Petroleum during the third quarter worth approximately $118,000. Finally, IFP Advisors Inc boosted its position in Oasis Petroleum by 0.9% during the second quarter. IFP Advisors Inc now owns 10,800 shares of the energy producer’s stock worth $101,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.94% of the company’s stock.
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.
