Oasis Petroleum Inc. (OAS) Now Covered by Mizuho
Equities researchers at Mizuho started coverage on shares of Oasis Petroleum Inc. (NYSE:OAS) in a report issued on Wednesday. The firm set a “buy” rating and a $15.00 price target on the stock. Mizuho’s price target points to a potential upside of 29.42% from the company’s current price.
A number of other equities analysts have also recently issued reports on OAS. Seaport Global Securities cut Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Tuesday, June 7th. Vetr raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 target price for the company in a report on Thursday, June 9th. Simmons assumed coverage on Oasis Petroleum in a research report on Friday, June 10th. They issued a “neutral” rating and a $13.00 price target on the stock. Piper Jaffray Cos. assumed coverage on Oasis Petroleum in a research report on Friday, June 10th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Deutsche Bank AG upped their price target on Oasis Petroleum from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.94.
Shares of Oasis Petroleum (NYSE:OAS) opened at 11.59 on Wednesday. Oasis Petroleum has a 12 month low of $3.40 and a 12 month high of $14.15. The company has a 50-day moving average price of $10.03 and a 200-day moving average price of $9.26. The firm’s market cap is $2.09 billion.
Oasis Petroleum (NYSE:OAS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The business earned $179 million during the quarter, compared to analysts’ expectations of $184.47 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year. Analysts forecast that Oasis Petroleum will post ($0.62) earnings per share for the current fiscal year.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 200,000 shares of the stock in a transaction on 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 completion of the transaction, 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 is available through the SEC website. Also, COO Taylor L. Reid sold 25,000 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $9.42, for a total value of $235,500.00. Following the transaction, the chief operating officer now directly owns 1,199,341 shares of the company’s stock, valued at $11,297,792.22. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised 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 during the period. Seven Eight Capital LLC purchased a new position in shares of Oasis Petroleum during the first quarter valued at $126,000. Advisory Services Network LLC raised its position 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 valued at $128,000 after buying an additional 1,300 shares during the period. Sanders Morris Harris Inc. raised its position 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 valued at $140,000 after buying an additional 5,000 shares during the period. Finally, Atria Investments LLC purchased a new position in shares of Oasis Petroleum during the second quarter valued at $143,000. 89.73% of the stock is 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, 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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