Oasis Petroleum Inc. (NYSE:OAS)‘s stock had its “hold” rating reaffirmed by equities researchers at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a $9.50 price target on the stock. Canaccord Genuity’s price objective suggests a potential downside of 15.41% from the company’s current price.

The analysts wrote, “Canaccord Genuity Reiterates a Hold Rating on Oasis Petroleum Inc. | Analyst Ratings

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Home » Canaccord Genuity Reiterates a Hold Rating on Oasis Petroleum Inc.”

OAS has been the topic of several other reports. Vetr upgraded shares of Oasis Petroleum from a “buy” rating to a “strong-buy” rating and set a $11.50 target price on the stock in a report on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, October 5th. BMO Capital Markets cut shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Tuesday, August 23rd. They noted that the move was a valuation call. Nomura restated a “hold” rating and issued a $17.00 price target on shares of Oasis Petroleum in a report on Monday, September 26th. Finally, Mizuho assumed coverage on shares of Oasis Petroleum in a report on Wednesday, October 5th. They issued a “buy” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.95.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

Oasis Petroleum (NYSE:OAS) traded down 2.093% on Tuesday, hitting $10.995. 44,978,128 shares of the stock traded hands. Oasis Petroleum has a 12 month low of $3.40 and a 12 month high of $13.72. The firm has a 50-day moving average price of $10.34 and a 200-day moving average price of $9.48. The company’s market capitalization is $1.98 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 the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $184.47 million. During the same period in the prior year, the business earned $0.38 EPS. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. Analysts forecast that Oasis Petroleum will post ($0.62) earnings per share for the current year.

In other Oasis Petroleum news, COO Taylor L. Reid sold 25,000 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $9.42, for a total transaction of $235,500.00. Following the sale, the chief operating officer now directly owns 1,199,341 shares in the company, valued at $11,297,792.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Thomas B. Nusz sold 200,000 shares of the business’s 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 owns 1,590,772 shares in the company, valued at $14,189,686.24. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of OAS. Vanguard Group Inc. raised its stake in shares of Oasis Petroleum by 2.0% in the second quarter. Vanguard Group Inc. now owns 12,745,058 shares of the company’s stock worth $119,038,000 after buying an additional 251,252 shares during the period. State Street Corp raised its stake in shares of Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock worth $56,536,000 after buying an additional 1,388,971 shares during the period. BlackRock Fund Advisors raised its stake in shares of Oasis Petroleum by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,792,923 shares of the company’s stock worth $44,766,000 after buying an additional 17,463 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Oasis Petroleum by 6.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,741,569 shares of the company’s stock worth $44,286,000 after buying an additional 292,813 shares during the period. Finally, Think Investments LP raised its stake in shares of Oasis Petroleum by 2.2% in the second quarter. Think Investments LP now owns 4,688,538 shares of the company’s stock worth $42,857,000 after buying an additional 100,000 shares during the period. Institutional investors own 89.80% of the company’s stock.

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.

5 Day Chart for NYSE:OAS

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