Oasis Petroleum (NYSE:OAS) has been given a $5.00 price target by Piper Jaffray Companies in a report issued on Friday, TipRanks reports. The firm presently has a “hold” rating on the energy producer’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 50.15% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Williams Capital lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating and decreased their target price for the stock from $7.50 to $5.00 in a research report on Wednesday, August 7th. Ifs Securities lowered shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $8.00 to $7.00 in a research report on Tuesday, April 23rd. Evercore ISI set a $9.00 target price on shares of Oasis Petroleum and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Jefferies Financial Group decreased their target price on shares of Oasis Petroleum from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Raymond James lowered shares of Oasis Petroleum from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $7.50 to $4.00 in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. Oasis Petroleum currently has an average rating of “Hold” and an average price target of $9.50.

Shares of OAS traded up $0.29 during mid-day trading on Friday, reaching $3.33. 14,622,167 shares of the company’s stock were exchanged, compared to its average volume of 13,073,377. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 0.75. The company has a 50-day simple moving average of $4.44 and a two-hundred day simple moving average of $5.42. Oasis Petroleum has a 52-week low of $2.41 and a 52-week high of $14.57. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 3.09 and a beta of 2.04.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Tuesday, August 6th. The energy producer reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. Oasis Petroleum had a net margin of 9.43% and a return on equity of 0.59%. The business had revenue of $529.41 million during the quarter, compared to analysts’ expectations of $406.63 million. During the same period last year, the company posted $0.10 EPS. The company’s revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts predict that Oasis Petroleum will post 0.06 EPS for the current fiscal year.

In other Oasis Petroleum news, Director John E. Hagale bought 30,000 shares of Oasis Petroleum stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $2.85 per share, for a total transaction of $85,500.00. Following the acquisition, the director now owns 120,480 shares of the company’s stock, valued at approximately $343,368. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, COO Taylor L. Reid bought 45,060 shares of Oasis Petroleum stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $2.76 per share, for a total transaction of $124,365.60. Following the acquisition, the chief operating officer now directly owns 1,462,819 shares in the company, valued at approximately $4,037,380.44. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 105,060 shares of company stock worth $292,666. 1.70% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of OAS. Dimensional Fund Advisors LP increased its position in shares of Oasis Petroleum by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,523,088 shares of the energy producer’s stock worth $119,023,000 after purchasing an additional 1,012,789 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Oasis Petroleum in the 4th quarter worth approximately $102,000. Norges Bank acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at approximately $18,431,000. Geode Capital Management LLC raised its holdings in shares of Oasis Petroleum by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 2,814,612 shares of the energy producer’s stock valued at $15,564,000 after acquiring an additional 209,432 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Oasis Petroleum during the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 92.79% of the company’s stock.

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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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