Shares of Oasis Petroleum Inc. (NYSE:OAS) have been given an average recommendation of “Hold” by the thirty-five research firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $12.00.
A number of research firms recently commented on OAS. Mizuho began coverage on Oasis Petroleum in a research note on Wednesday. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday. Vetr downgraded Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 price target for the company. in a research note on Monday, June 20th. Citigroup Inc. lifted their price target on Oasis Petroleum from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Finally, Simmons reiterated a “hold” rating on shares of Oasis Petroleum in a research note on Sunday, June 12th.
In other news, major shareholder Advisory Corp Spo sold 2,975,700 shares of the business’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total transaction of $34,399,092.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Thomas B. Nusz sold 200,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the transaction, the chairman now owns 1,590,772 shares in the company, valued at $14,189,686.24. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of OAS. FMR LLC raised its stake in Oasis Petroleum by 1,169.4% in the second quarter. FMR LLC now owns 2,850,883 shares of the company’s stock valued at $26,627,000 after buying an additional 2,626,300 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Oasis Petroleum during the first quarter valued at about $18,652,000. Dimensional Fund Advisors LP raised its stake in Oasis Petroleum by 109.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,465,955 shares of the company’s stock valued at $41,714,000 after buying an additional 2,335,876 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Oasis Petroleum during the second quarter valued at about $17,555,000. Finally, UBS Asset Management Americas Inc. raised its stake in Oasis Petroleum by 81.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,762,847 shares of the company’s stock valued at $27,395,000 after buying an additional 1,689,060 shares during the last quarter. Institutional investors and hedge funds own 89.73% of the company’s stock.
Oasis Petroleum (NYSE:OAS) opened at 11.32 on Tuesday. The stock’s 50 day moving average price is $10.06 and its 200-day moving average price is $9.28. The stock’s market capitalization is $2.04 billion. Oasis Petroleum has a 52 week low of $3.40 and a 52 week high of $13.72.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. The business earned $179 million during the quarter, compared to the consensus estimate of $184.47 million. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The company’s revenue for the quarter was down 22.2% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. Equities research analysts expect that Oasis Petroleum will post ($0.62) earnings per share for the current year.
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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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