BMO Capital Markets Analysts Give Oasis Petroleum Inc. (OAS) a $10.00 Price Target
Several other analysts have also issued reports on OAS. Canaccord Genuity set a $9.50 target price on Oasis Petroleum and gave the company a hold rating in a research note on Thursday. Deutsche Bank AG boosted their target price on Oasis Petroleum from $11.00 to $12.00 and gave the company a hold rating in a research note on Wednesday, September 14th. Citigroup Inc. boosted their target price on Oasis Petroleum from $13.00 to $14.00 and gave the company a buy rating in a research note on Monday, September 12th. Seaport Global Securities upgraded Oasis Petroleum from a neutral rating to an accumulate rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Tuesday, August 30th. Finally, Williams Capital began coverage on Oasis Petroleum in a research note on Monday, August 29th. They issued a buy rating and a $13.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Oasis Petroleum presently has an average rating of Hold and an average target price of $11.43.
Shares of Oasis Petroleum (NYSE:OAS) opened at 9.22 on Wednesday. Oasis Petroleum has a 12-month low of $3.40 and a 12-month high of $14.15. The firm’s market capitalization is $1.66 billion. The stock’s 50 day moving average price is $9.15 and its 200 day moving average price is $8.89.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The business had revenue of $179 million for the quarter, compared to analysts’ expectations of $184.47 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was down 22.2% on a year-over-year basis. Equities research analysts expect that Oasis Petroleum will post ($0.62) earnings per share for the current year.
In related news, Chairman Thomas B. Nusz sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the completion of the transaction, the chairman now owns 1,590,772 shares of the company’s stock, valued at approximately $14,189,686.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in Oasis Petroleum by 1.1% in the second quarter. Macquarie Group Ltd. now owns 3,030,032 shares of the company’s stock worth $28,300,000 after buying an additional 33,780 shares during the period. IFP Advisors Inc raised its position in Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock worth $101,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio raised its position in Oasis Petroleum by 2,028.6% in the second quarter. Public Employees Retirement System of Ohio now owns 156,710 shares of the company’s stock worth $1,464,000 after buying an additional 149,348 shares during the period. Schwab Charles Investment Management Inc. raised its position in Oasis Petroleum by 7.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 800,259 shares of the company’s stock worth $7,475,000 after buying an additional 56,374 shares during the period. Finally, Pine River Capital Management L.P. raised its position in Oasis Petroleum by 87.9% in the second quarter. Pine River Capital Management L.P. now owns 1,176,036 shares of the company’s stock worth $10,984,000 after buying an additional 550,006 shares during the period. 90.23% of the stock is owned by institutional investors.
Oasis Petroleum Company Profile
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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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