Oasis Petroleum Inc. (NYSE:OAS) had its price objective lifted by equities research analysts at Williams Capital from $13.00 to $14.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Williams Capital’s target price points to a potential upside of 32.45% from the stock’s current price.

OAS has been the topic of a number of other research reports. Vetr raised Oasis Petroleum from a “buy” rating to a “strong-buy” rating and set a $11.50 price objective on the stock in a report on Tuesday, August 23rd. Zacks Investment Research raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, October 5th. BMO Capital Markets lowered Oasis Petroleum from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a report on Tuesday, August 23rd. They noted that the move was a valuation call. Nomura reissued a “hold” rating and set a $17.00 price objective on shares of Oasis Petroleum in a report on Monday, September 26th. Finally, Mizuho initiated coverage on Oasis Petroleum in a report on Wednesday, October 5th. They set a “buy” rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.11.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

Shares of Oasis Petroleum (NYSE:OAS) opened at 10.57 on Wednesday. The company’s market capitalization is $1.91 billion. Oasis Petroleum has a one year low of $3.40 and a one year high of $13.72. The stock has a 50 day moving average price of $10.36 and a 200-day moving average price of $9.50.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The business 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 firm’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities research analysts predict that Oasis Petroleum will post ($0.62) earnings per share for the current fiscal year.

In related news, major shareholder Advisory Corp Spo sold 2,975,700 shares of the stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total transaction of $34,399,092.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Thomas B. Nusz sold 200,000 shares of the 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 transaction, the chairman now owns 1,590,772 shares in the company, valued at approximately $14,189,686.24. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in OAS. IFP Advisors Inc boosted its stake 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 in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Oasis Petroleum by 0.7% in the second quarter. BlackRock Advisors LLC now owns 85,194 shares of the company’s stock worth $796,000 after buying an additional 558 shares in the last quarter. Creative Planning boosted its stake in shares of Oasis Petroleum by 5.3% in the second quarter. Creative Planning now owns 23,758 shares of the company’s stock worth $222,000 after buying an additional 1,187 shares in the last quarter. Advisory Services Network LLC boosted its stake 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 in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Oasis Petroleum by 10.3% in the second quarter. Amalgamated Bank now owns 19,432 shares of the company’s stock worth $177,000 after buying an additional 1,809 shares in the last quarter. 89.80% 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.

5 Day Chart for NYSE:OAS

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