Oasis Petroleum Inc. (OAS) Given a $14.00 Price Target at Piper Jaffray Companies
Piper Jaffray Companies set a $14.00 price objective on Oasis Petroleum Inc. (NYSE:OAS) in a research report report published on Monday morning. The firm currently has a buy rating on the energy producer’s stock.
Several other brokerages have also recently issued reports on OAS. Mizuho restated a hold rating and issued a $10.00 price target on shares of Oasis Petroleum in a research report on Friday, September 29th. Jefferies Group LLC restated a buy rating and issued a $13.00 price target on shares of Oasis Petroleum in a research report on Tuesday, October 3rd. Stifel Nicolaus restated a hold rating and issued a $10.00 price target (down previously from $10.50) on shares of Oasis Petroleum in a research report on Monday, September 25th. Morgan Stanley restated an equal weight rating on shares of Oasis Petroleum in a research report on Saturday, September 16th. Finally, Royal Bank Of Canada restated a buy rating and issued a $14.00 price target on shares of Oasis Petroleum in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $13.81.
Oasis Petroleum (OAS) traded up 0.404% on Monday, hitting $8.705. The stock had a trading volume of 1,072,132 shares. The company’s market cap is $2.07 billion. The firm’s 50-day moving average is $8.26 and its 200-day moving average is $9.41. Oasis Petroleum has a 52-week low of $6.69 and a 52-week high of $17.08.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. Equities research analysts anticipate that Oasis Petroleum will post ($0.16) earnings per share for the current fiscal year.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the completion of the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Federated Investors Inc. PA purchased a new position in Oasis Petroleum in the 2nd quarter valued at about $121,000. Teacher Retirement System of Texas boosted its position in Oasis Petroleum by 2.9% in the 1st quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock valued at $251,000 after buying an additional 497 shares during the last quarter. Advisory Services Network LLC boosted its position in Oasis Petroleum by 14.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after buying an additional 2,400 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in Oasis Petroleum in the 2nd quarter valued at about $161,000. Finally, Highbridge Capital Management LLC boosted its position in Oasis Petroleum by 100.6% in the 1st quarter. Highbridge Capital Management LLC now owns 20,462 shares of the energy producer’s stock valued at $292,000 after buying an additional 10,262 shares during the last quarter. 93.57% of the stock is 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, Well Services, and Midstream Services.
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