Oasis Petroleum Inc. (NYSE:OAS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $15.00 price target on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 26.05% from the company’s current price.

According to Zacks, “Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. The Company is currently focused on exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of its acreage. Oasis Petroleum Inc. is based in Houston, Texas. “

Other analysts also recently issued reports about the company. Simmons upgraded Oasis Petroleum from a “neutral” rating to an “overweight” rating in a research report on Wednesday, October 19th. KeyCorp lifted their target price on Oasis Petroleum from $12.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 22nd. KLR Group set a $18.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research report on Wednesday, October 19th. Wunderlich upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $14.00 in a research report on Wednesday, November 9th. Finally, Williams Capital lifted their target price on Oasis Petroleum from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, October 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Buy” and an average target price of $13.16.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

Shares of Oasis Petroleum (NYSE:OAS) opened at 11.90 on Friday. The company’s 50-day moving average is $11.57 and its 200 day moving average is $10.07. The stock’s market capitalization is $2.81 billion. Oasis Petroleum has a 12 month low of $3.40 and a 12 month high of $13.50.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company earned $177.13 million during the quarter, compared to analyst estimates of $186.51 million. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. Oasis Petroleum’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. Equities research analysts predict that Oasis Petroleum will post ($0.58) earnings per share for the current year.

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In related news, COO Taylor L. Reid sold 25,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $9.42, for a total value of $235,500.00. Following the completion of the transaction, the chief operating officer now directly owns 1,199,341 shares of the company’s stock, valued at approximately $11,297,792.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Advisory Corp Spo sold 2,975,700 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total value of $34,399,092.00. 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 bought and sold shares of OAS. Hermes Investment Management Ltd. increased its position in Oasis Petroleum by 8.3% in the second quarter. Hermes Investment Management Ltd. now owns 3,718,752 shares of the company’s stock valued at $34,733,000 after buying an additional 285,100 shares in the last quarter. Bank of Montreal Can purchased a new position in Oasis Petroleum during the second quarter valued at approximately $3,970,000. Seven Eight Capital LLC purchased a new position in Oasis Petroleum during the first quarter valued at approximately $126,000. Advisory Services Network LLC increased 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 in the last quarter. Finally, Capital Fund Management S.A. purchased a new position in Oasis Petroleum during the second quarter valued at approximately $1,433,000. 76.42% of the stock is owned by hedge funds and other institutional investors.

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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