Oasis Petroleum (NASDAQ:OAS) PT Raised to $180.00

Oasis Petroleum (NASDAQ:OAS) had its target price raised by Truist from $168.00 to $180.00 in a research note issued to investors on Friday morning, The Fly reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company upped their price target on Oasis Petroleum from $101.00 to $134.00 and gave the stock an equal weight rating in a research report on Friday, November 19th. Piper Sandler upped their target price on Oasis Petroleum from $136.00 to $150.00 and gave the company an overweight rating in a research report on Thursday, October 21st. Truist Securities upped their target price on Oasis Petroleum from $160.00 to $168.00 and gave the company a buy rating in a research report on Wednesday, October 27th. Royal Bank of Canada upped their target price on Oasis Petroleum from $145.00 to $155.00 and gave the company an outperform rating in a research report on Thursday, October 28th. Finally, Stifel Nicolaus upped their price target on shares of Oasis Petroleum from $155.00 to $176.00 and gave the company a buy rating in a report on Wednesday, November 17th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $152.25.

Shares of NASDAQ OAS opened at $138.90 on Friday. The business’s 50 day moving average is $126.22 and its two-hundred day moving average is $107.52. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 1.09. Oasis Petroleum has a 1-year low of $34.58 and a 1-year high of $140.71.

Oasis Petroleum (NASDAQ:OAS) last announced its earnings results on Wednesday, November 3rd. The company reported $3.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $1.21. The business had revenue of $402.04 million during the quarter, compared to analyst estimates of $262.00 million. Oasis Petroleum had a return on equity of 88.97% and a net margin of 61.83%. On average, research analysts predict that Oasis Petroleum will post 15.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 29th. Shareholders of record on Monday, November 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.44%. This is a positive change from Oasis Petroleum’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, November 12th.

In related news, Director Douglas E. Brooks purchased 625 shares of the firm’s stock in a transaction that occurred on Thursday, October 28th. The shares were purchased at an average cost of $118.75 per share, with a total value of $74,218.75. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas E. Brooks purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 2nd. The stock was bought at an average cost of $123.76 per share, for a total transaction of $61,880.00. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its holdings in Oasis Petroleum by 64.6% in the 3rd quarter. Fifth Third Bancorp now owns 400 shares of the company’s stock valued at $40,000 after acquiring an additional 157 shares during the last quarter. Deutsche Bank AG raised its holdings in Oasis Petroleum by 1.3% in the 3rd quarter. Deutsche Bank AG now owns 12,872 shares of the company’s stock valued at $1,281,000 after acquiring an additional 160 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in Oasis Petroleum by 6.5% in the 3rd quarter. Personal CFO Solutions LLC now owns 2,671 shares of the company’s stock valued at $266,000 after acquiring an additional 162 shares during the last quarter. Voya Investment Management LLC raised its holdings in Oasis Petroleum by 2.1% in the 3rd quarter. Voya Investment Management LLC now owns 7,965 shares of the company’s stock valued at $792,000 after acquiring an additional 166 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Oasis Petroleum in the 3rd quarter valued at about $77,000. 91.58% of the stock is currently owned by hedge funds and other 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 United States. It operates through Exploration and Production(E&P), and Midstream segments. The E&P segment engages in the acquisition and development of oil and gas properties.

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