Oasis Petroleum Inc. (NYSE:OAS) was downgraded by stock analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a report issued on Tuesday, July 18th, MarketBeat Ratings reports. They currently have a $11.00 target price on the energy producer’s stock, down from their previous target price of $18.00. Deutsche Bank AG’s price target would indicate a potential upside of 36.65% from the company’s current price.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Citigroup Inc. dropped their price target on Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Cowen and Company set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Oasis Petroleum in a research report on Thursday, July 6th. Finally, BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Oasis Petroleum has a consensus rating of “Buy” and an average price target of $14.54.
Shares of Oasis Petroleum (NYSE OAS) traded up 11.34% during trading on Tuesday, reaching $8.05. 16,639,690 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $7.93 and a 200-day moving average price of $11.58. The stock’s market capitalization is $1.91 billion. Oasis Petroleum has a 52 week low of $6.67 and a 52 week high of $17.08.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $254.10 million for the quarter, compared to the consensus estimate of $255.41 million. Oasis Petroleum had a negative return on equity of 2.48% and a negative net margin of 5.16%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. Analysts predict that Oasis Petroleum will post ($0.15) earnings per share for the current year.
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In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction dated 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 completion of the sale, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at about $2,127,000. Comerica Bank increased its stake in shares of Oasis Petroleum by 65.1% in the fourth quarter. Comerica Bank now owns 31,008 shares of the energy producer’s stock valued at $458,000 after buying an additional 12,228 shares during the period. Norges Bank acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at about $29,719,000. Quadrature Capital Ltd acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at about $1,478,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at about $227,000. Institutional investors own 97.15% of the company’s stock.
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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