Oasis Petroleum Inc. (NYSE:OAS)‘s stock had its “buy” rating reaffirmed by research analysts at Mizuho in a report issued on Tuesday. They presently have a $17.00 price target on the stock. Mizuho’s price target would suggest a potential upside of 46.68% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Raymond James Financial Inc. upgraded shares of Oasis Petroleum from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $14.00 to $17.00 in a research report on Friday, August 5th. Ladenburg Thalmann upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, July 13th. Susquehanna upgraded shares of Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $11.00 target price on the stock in a research report on Monday, August 1st. Vetr downgraded shares of Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 target price on the stock. in a research report on Monday, June 27th. Finally, Jefferies Group reiterated a “buy” rating and set a $13.00 target price on shares of Oasis Petroleum in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.37.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

Oasis Petroleum (NYSE:OAS) traded up 1.21% on Tuesday, hitting $11.73. 2,789,210 shares of the stock traded hands. The stock has a 50-day moving average price of $10.47 and a 200 day moving average price of $9.53. Oasis Petroleum has a 1-year low of $3.40 and a 1-year high of $13.72. The company’s market cap is $2.12 billion.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. Oasis Petroleum had a negative net margin of 17.91% and a negative return on equity of 1.22%. The company had revenue of $179 million for the quarter, compared to the consensus estimate of $184.47 million. During the same period last year, the company posted $0.38 EPS. The firm’s quarterly revenue was down 22.2% compared to the same quarter last year. On average, analysts anticipate that Oasis Petroleum will post ($0.62) EPS for the current fiscal year.

In related news, COO Taylor L. Reid sold 25,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $11,297,792.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Advisory Corp Spo sold 2,975,700 shares of the company’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 transaction of $34,399,092.00. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in 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. Advisory Services Network LLC boosted its position in 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. boosted its position in 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. BNP Paribas Arbitrage SA boosted its position in Oasis Petroleum by 949.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,993 shares of the company’s stock valued at $149,000 after buying an additional 14,469 shares during the period. Finally, Profund Advisors LLC boosted its position in Oasis Petroleum by 36.7% in the second quarter. Profund Advisors LLC now owns 16,340 shares of the company’s stock valued at $153,000 after buying an additional 4,386 shares during the period. 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.

5 Day Chart for NYSE:OAS

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