Oasis Petroleum (NYSE: OAS) has recently received a number of price target changes and ratings updates:

  • 11/6/2018 – Oasis Petroleum was upgraded by analysts at SunTrust Banks, Inc. from a “sell” rating to a “hold” rating. They now have a $11.00 price target on the stock, up previously from $9.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/6/2018 – Oasis Petroleum was given a new $17.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 11/1/2018 – Oasis Petroleum was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/29/2018 – Oasis Petroleum is now covered by analysts at Ifs Securities. They set an “outperform” rating on the stock.
  • 10/24/2018 – Oasis Petroleum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “Oasis Petroleum has been riding high on its top-tier acreage position in the Bakken shale play, which is responsible for its robust production growth. The Texas-based upstream player's robust volume profile has helped it beat earnings for nine quarters in a row. Driven by robust results, the company upgraded its output outlook, further boosting the optimism surrounding the stock. Oasis Petroleum's Delaware acreage acquisition in early 2018 has diversified its holdings. Notably, it has been generating enough cash to pay off debt along with funding capex since the past three years. These positives are also well reflected in its price performance with its shares rallying strongly so far this year. Banking on stronger oil prices and robust production growth, Oasis Petroleum is poised to maintain its cash flow momentum going forward. This accounts for our bullish stance.”
  • 10/17/2018 – Oasis Petroleum was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 10/15/2018 – Oasis Petroleum was upgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock.
  • 10/12/2018 – Oasis Petroleum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Oasis Petroleum has been riding high on its top-tier acreage position in the Bakken shale play, which is responsible for its robust production growth. The Texas-based upstream player's robust volume profile has helped it beat earnings for nine quarters in a row. Driven by robust results, the company upgraded its output outlook, further boosting the optimism surrounding the stock. Oasis Petroleum's Delaware acreage acquisition in early 2018 has diversified its holdings. Notably, it has been generating enough cash to pay off debt along with funding capex since the past three years. These positives are also well reflected in its price performance with its shares rallying strongly so far this year. Banking on stronger oil prices and robust production growth, Oasis Petroleum is poised to maintain its cash flow momentum going forward. This accounts for our bullish stance.”
  • 10/3/2018 – Oasis Petroleum is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.
  • 10/1/2018 – Oasis Petroleum was given a new $18.00 price target on by analysts at LADENBURG THALM/SH SH. They now have a “buy” rating on the stock.
  • 9/28/2018 – Oasis Petroleum had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 9/26/2018 – Oasis Petroleum had its price target lowered by analysts at Morgan Stanley from $20.00 to $18.00. They now have a “buy” rating on the stock.

OAS opened at $8.32 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 416.00, a PEG ratio of 1.39 and a beta of 2.22. Oasis Petroleum Inc. has a twelve month low of $7.31 and a twelve month high of $14.57.

Oasis Petroleum (NYSE:OAS) last posted its earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The firm had revenue of $546.50 million during the quarter, compared to analyst estimates of $455.65 million. Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The company’s revenue was up 79.4% compared to the same quarter last year. Research analysts predict that Oasis Petroleum Inc. will post 0.45 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC increased its position in shares of Oasis Petroleum by 40.0% during the third quarter. Riverhead Capital Management LLC now owns 40,600 shares of the energy producer’s stock worth $576,000 after acquiring an additional 11,600 shares in the last quarter. Columbia Pacific Advisors LLC increased its position in shares of Oasis Petroleum by 13.3% during the third quarter. Columbia Pacific Advisors LLC now owns 427,028 shares of the energy producer’s stock worth $5,337,000 after acquiring an additional 50,270 shares in the last quarter. Cpwm LLC bought a new stake in shares of Oasis Petroleum during the third quarter worth $306,000. Franklin Resources Inc. bought a new stake in shares of Oasis Petroleum during the third quarter worth $3,279,000. Finally, Panagora Asset Management Inc. increased its position in shares of Oasis Petroleum by 43.8% during the third quarter. Panagora Asset Management Inc. now owns 89,968 shares of the energy producer’s stock worth $1,275,000 after acquiring an additional 27,393 shares in the last quarter. Institutional investors own 97.77% of the company’s stock.

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.

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