Williams Capital set a $17.00 price objective on Oasis Petroleum (NYSE:OAS) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the energy producer’s stock.

A number of other analysts have also recently commented on the stock. Piper Jaffray Companies reaffirmed an overweight rating on shares of Oasis Petroleum in a research report on Friday, September 28th. Jefferies Financial Group raised shares of Oasis Petroleum from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Monday, October 15th. Wolfe Research raised shares of Oasis Petroleum from a market perform rating to an outperform rating in a research report on Wednesday, October 17th. Morgan Stanley cut their price target on shares of Oasis Petroleum from $20.00 to $18.00 and set a buy rating on the stock in a research report on Wednesday, September 26th. Finally, KLR Group reaffirmed a buy rating and set a $18.00 price target on shares of Oasis Petroleum in a research report on Monday, August 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. Oasis Petroleum has a consensus rating of Buy and a consensus price target of $14.28.

OAS traded down $0.21 during trading on Tuesday, reaching $9.36. 11,017,831 shares of the stock traded hands, compared to its average volume of 9,608,375. The company has a current ratio of 0.59, a quick ratio of 0.48 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3.26 billion, a P/E ratio of 468.00, a price-to-earnings-growth ratio of 1.45 and a beta of 2.22. Oasis Petroleum has a 12 month low of $7.31 and a 12 month high of $14.57.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The firm had revenue of $546.50 million for the quarter, compared to the consensus estimate of $455.65 million. Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. The firm’s quarterly revenue was up 79.4% compared to the same quarter last year. As a group, research analysts predict that Oasis Petroleum will post 0.45 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its position in shares of Oasis Petroleum by 23.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 333,642 shares of the energy producer’s stock worth $4,731,000 after purchasing an additional 63,800 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Oasis Petroleum by 86.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 29,100 shares of the energy producer’s stock valued at $390,000 after acquiring an additional 13,466 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Oasis Petroleum in the 3rd quarter valued at about $2,810,000. CIBC World Markets Inc. bought a new position in Oasis Petroleum in the 3rd quarter valued at about $681,000. Finally, American International Group Inc. lifted its position in Oasis Petroleum by 1.4% in the 3rd quarter. American International Group Inc. now owns 716,974 shares of the energy producer’s stock valued at $10,167,000 after acquiring an additional 9,892 shares in the last quarter. 97.19% of the stock is currently owned by institutional investors.

About Oasis Petroleum

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

Recommended Story: The Discount Rate – What You Need to Know

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

Receive News & Ratings for Oasis Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.