Oasis Petroleum Inc. (OAS) Given a $15.00 Price Target at Jefferies Group
OAS has been the topic of a number of other research reports. Raymond James Financial Inc. raised Oasis Petroleum from an outperform rating to a strong-buy rating and increased their price target for the company from $14.00 to $17.00 in a research note on Friday, August 5th. Ladenburg Thalmann raised Oasis Petroleum from a neutral rating to a buy rating and set a $12.00 price target on the stock in a research note on Wednesday, July 13th. Susquehanna raised Oasis Petroleum from a neutral rating to a positive rating and set a $11.00 price target on the stock in a research note on Monday, August 1st. Vetr downgraded Oasis Petroleum from a strong-buy rating to a buy rating and set a $11.75 price target on the stock. in a research note on Monday, June 27th. Finally, Citigroup Inc. raised Oasis Petroleum to a strong-buy rating and increased their price target for the company from $14.00 to $17.00 in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $12.37.
Oasis Petroleum (NYSE:OAS) traded up 7.370% during mid-day trading on Tuesday, reaching $11.349. The company had a trading volume of 30,913,553 shares. Oasis Petroleum has a 12 month low of $3.40 and a 12 month high of $13.72. The firm’s 50-day moving average price is $10.36 and its 200-day moving average price is $9.50. The stock’s market cap is $2.05 billion.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $179 million for the quarter, compared to the consensus estimate of $184.47 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year. Equities research analysts forecast 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 Oasis Petroleum 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 of the company’s stock, valued at $11,297,792.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Thomas B. Nusz sold 200,000 shares of Oasis Petroleum stock in a transaction that occurred on Wednesday, August 10th. The shares were 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 in the company, valued at $14,189,686.24. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted 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 worth $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 worth about $126,000. Advisory Services Network LLC boosted 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 worth $128,000 after buying an additional 1,300 shares during the period. Sanders Morris Harris Inc. boosted 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 worth $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 worth about $143,000. 89.80% of the stock is currently 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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