Oasis Petroleum Inc. (OAS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Oasis Petroleum Inc. (NYSE:OAS) have been given an average recommendation of “Hold” by the twenty-eight research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.57.

OAS has been the subject of several research analyst reports. Evercore ISI raised shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research report on Friday, November 3rd. Guggenheim lowered shares of Oasis Petroleum from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 13th. Goldman Sachs Group raised shares of Oasis Petroleum from a “sell” rating to a “neutral” rating in a research report on Thursday, October 19th. KeyCorp set a $11.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Oasis Petroleum in a research report on Wednesday, December 13th.

Shares of Oasis Petroleum (NYSE:OAS) traded up $0.01 during trading on Friday, hitting $7.93. 8,836,365 shares of the company traded hands, compared to its average volume of 9,480,000. The stock has a market cap of $2,140.00, a price-to-earnings ratio of -30.50 and a beta of 2.23. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a 52-week low of $6.69 and a 52-week high of $15.27.

Several hedge funds and other institutional investors have recently modified their holdings of OAS. TIAA CREF Investment Management LLC grew its stake in shares of Oasis Petroleum by 6.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 757,972 shares of the energy producer’s stock worth $6,102,000 after purchasing an additional 47,535 shares during the period. Amalgamated Bank grew its stake in shares of Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock worth $238,000 after purchasing an additional 323 shares during the period. New York State Common Retirement Fund grew its stake in shares of Oasis Petroleum by 40.8% during the 2nd quarter. New York State Common Retirement Fund now owns 722,124 shares of the energy producer’s stock worth $5,813,000 after purchasing an additional 209,266 shares during the period. GSA Capital Partners LLP grew its stake in shares of Oasis Petroleum by 336.5% during the 2nd quarter. GSA Capital Partners LLP now owns 59,097 shares of the energy producer’s stock worth $476,000 after purchasing an additional 45,558 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Oasis Petroleum by 2.1% during the 2nd quarter. Northern Trust Corp now owns 4,017,094 shares of the energy producer’s stock worth $32,338,000 after purchasing an additional 84,110 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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