William Blair upgraded shares of Oasis Petroleum Inc. (NYSE:OAS) from a hold rating to a buy rating in a research report report published on Tuesday, July 18th.
Several other analysts have also commented on OAS. UBS AG assumed coverage on shares of Oasis Petroleum in a research report on Thursday, March 23rd. They set a neutral rating and a $14.00 price target for the company. BMO Capital Markets raised shares of Oasis Petroleum from a market perform rating to an outperform rating and increased their price target for the company from $14.26 to $18.00 in a research report on Friday, March 31st. Royal Bank Of Canada set a $19.00 price target on shares of Oasis Petroleum and gave the company a buy rating in a research report on Thursday, June 8th. Williams Capital raised shares of Oasis Petroleum from a hold rating to a buy rating and increased their price target for the company from $12.00 to $13.00 in a research report on Tuesday, July 18th. Finally, Seaport Global Securities upgraded shares of Oasis Petroleum from a neutral rating to a buy rating in a report on Friday, March 31st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $14.42.
Oasis Petroleum (NYSE OAS) traded down 2.63% during midday trading on Tuesday, reaching $7.78. 10,036,737 shares of the company’s stock traded hands. The stock’s market cap is $1.85 billion. The company’s 50-day moving average price is $8.03 and its 200-day moving average price is $11.74. Oasis Petroleum has a 52-week low of $6.56 and a 52-week high of $17.08.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. Oasis Petroleum had a negative net margin of 18.00% and a negative return on equity of 2.88%. The company had revenue of $285.10 million during the quarter, compared to analyst estimates of $252.72 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 119.3% compared to the same quarter last year. On average, equities analysts predict that Oasis Petroleum will post ($0.15) EPS for the current fiscal year.
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In other news, Chairman Thomas B. Nusz sold 187,236 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the transaction, the chairman now owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock worth $348,000 after buying an additional 323 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Oasis Petroleum by 2.9% in the first quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock worth $251,000 after buying an additional 497 shares in the last quarter. Atria Investments LLC raised its position in shares of Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock worth $243,000 after buying an additional 700 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of Oasis Petroleum by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 64,500 shares of the energy producer’s stock worth $920,000 after buying an additional 1,800 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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