A number of other brokerages have also commented on OAS. Zacks Investment Research raised Oasis Petroleum from a hold rating to a buy rating and set a $13.00 price target on the stock in a report on Wednesday, October 5th. Goldman Sachs Group Inc. lowered Oasis Petroleum from a neutral rating to a sell rating and lowered their price target for the company from $8.75 to $8.50 in a report on Tuesday. Vetr lowered Oasis Petroleum from a strong-buy rating to a buy rating and set a $11.75 price target on the stock. in a report on Monday, June 20th. Citigroup Inc. raised their price target on Oasis Petroleum from $13.00 to $14.00 and gave the company a buy rating in a report on Monday, September 12th. Finally, BMO Capital Markets lowered Oasis Petroleum from an outperform rating to a market perform rating and set a $10.00 price target on the stock. in a report on Tuesday, August 23rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $12.11.
Oasis Petroleum (NYSE:OAS) traded up 6.34% on Tuesday, reaching $11.24. 15,237,415 shares of the company’s stock were exchanged. Oasis Petroleum has a 1-year low of $3.40 and a 1-year high of $13.72. The firm’s 50 day moving average is $10.36 and its 200 day moving average is $9.50. The stock’s market capitalization is $2.03 billion.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The company had revenue of $179 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 22.2% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Analysts expect that Oasis Petroleum will post ($0.62) EPS for the current year.
In related news, Chairman Thomas B. Nusz sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total value of $1,784,000.00. Following the completion of the sale, the chairman now directly owns 1,590,772 shares in the company, valued at approximately $14,189,686.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Advisory Corp Spo sold 2,975,700 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $11.56, for a total value of $34,399,092.00. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of OAS. Moody Aldrich Partners LLC bought a new stake in Oasis Petroleum during the third quarter valued at $851,000. Advisory Services Network LLC increased its position in shares of Oasis Petroleum by 46.7% in the third quarter. Advisory Services Network LLC now owns 20,100 shares of the company’s stock valued at $231,000 after buying an additional 6,400 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Oasis Petroleum by 354.9% in the third quarter. BNP Paribas Arbitrage SA now owns 72,756 shares of the company’s stock valued at $835,000 after buying an additional 56,763 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Oasis Petroleum by 1.1% in the second quarter. Macquarie Group Ltd. now owns 3,030,032 shares of the company’s stock valued at $28,300,000 after buying an additional 33,780 shares in the last quarter. Finally, IFP Advisors Inc increased its position 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 valued at $101,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.80% 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, 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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