Oasis Petroleum Inc. (NYSE:OAS)‘s stock had its “hold” rating restated by equities research analysts at Nomura in a research note issued on Monday. They presently have a $17.00 price target on the stock. Nomura’s price target would suggest a potential upside of 81.24% from the company’s current price.
Several other analysts also recently commented on OAS. Citigroup Inc. raised Oasis Petroleum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $13.00 in a research note on Thursday, June 2nd. Vetr raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 target price for the company in a research note on Thursday, June 2nd. Cantor Fitzgerald reissued a “hold” rating and set a $9.00 target price on shares of Oasis Petroleum in a research note on Sunday, June 5th. Seaport Global Securities downgraded Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Tuesday, June 7th. Finally, Simmons began coverage on Oasis Petroleum in a research note on Friday, June 10th. They set a “neutral” rating and a $13.00 target price for the company. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.83.
Shares of Oasis Petroleum (NYSE:OAS) traded up 1.0525% during trading on Monday, reaching $9.2463. The company had a trading volume of 6,324,616 shares. Oasis Petroleum has a 12 month low of $3.40 and a 12 month high of $14.15. The firm’s 50 day moving average price is $9.58 and its 200 day moving average price is $9.03. The firm’s market capitalization is $1.67 billion.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The firm 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 firm’s revenue was down 22.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. Equities analysts predict that Oasis Petroleum will post ($0.62) EPS for the current year.
In other news, Chairman Thomas B. Nusz sold 200,000 shares of Oasis Petroleum stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the sale, the chairman now directly owns 1,590,772 shares of the company’s stock, valued at $14,189,686.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock worth $101,000 after buying an additional 100 shares during the last quarter. Seven Eight Capital LLC acquired a new stake in shares of Oasis Petroleum during the first quarter worth about $126,000. Advisory Services Network LLC raised its stake in shares of Oasis Petroleum by 10.5% in the second quarter. Advisory Services Network LLC now owns 13,700 shares of the company’s stock worth $128,000 after buying an additional 1,300 shares during the last quarter. Sanders Morris Harris Inc. raised its stake in shares of Oasis Petroleum by 50.0% in the second quarter. Sanders Morris Harris Inc. now owns 15,000 shares of the company’s stock worth $140,000 after buying an additional 5,000 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in shares of Oasis Petroleum during the second quarter worth about $143,000. 89.73% of the stock is currently owned by institutional investors and hedge funds.
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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