Oasis Petroleum Inc. (OAS) Price Target Increased to $18.00 by Analysts at KeyCorp
A number of other research firms have also recently commented on OAS. Goldman Sachs Group Inc. cut Oasis Petroleum from a neutral rating to a sell rating and decreased their price target for the company from $8.75 to $8.50 in a research note on Tuesday, October 18th. Citigroup Inc. upgraded 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. Raymond James Financial Inc. upgraded 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. Nomura reiterated a hold rating and issued a $17.00 price target on shares of Oasis Petroleum in a research note on Monday, September 26th. Finally, Seaport Global Securities upgraded Oasis Petroleum from a neutral rating to an accumulate rating and increased their price target for the company from $10.00 to $12.00 in a research note on Tuesday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $13.09.
Oasis Petroleum (NYSE:OAS) opened at 13.05 on Tuesday. The stock’s 50 day moving average price is $11.48 and its 200-day moving average price is $9.99. Oasis Petroleum has a 52-week low of $3.40 and a 52-week high of $13.50. The stock’s market capitalization is $3.08 billion.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Monday, November 7th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. Oasis Petroleum had a negative return on equity of 2.98% and a negative net margin of 27.57%. The company earned $177.13 million during the quarter, compared to analysts’ expectations of $186.51 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. On average, equities analysts expect that Oasis Petroleum will post ($0.59) EPS for the current fiscal year.
In other news, major shareholder Advisory Corp Spo sold 2,975,700 shares of Oasis Petroleum 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the chief operating officer now directly owns 1,199,341 shares in the company, valued at approximately $11,297,792.22. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised 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. CSS LLC IL acquired a new position in Oasis Petroleum during the third quarter valued at about $115,000. Usca Ria LLC acquired a new position in Oasis Petroleum during the third quarter valued at about $118,000. Seven Eight Capital LLC acquired a new position in Oasis Petroleum during the first quarter valued at about $126,000. Finally, Advisory Services Network LLC raised 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. 72.41% of the stock is currently owned by institutional investors.
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.
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