Oasis Petroleum Inc. (OAS) Given a $9.50 Price Target at Canaccord Genuity
A number of other analysts have also weighed in on OAS. Simmons reiterated a hold rating on shares of Oasis Petroleum in a research note on Sunday, June 12th. Cantor Fitzgerald restated a hold rating on shares of Oasis Petroleum in a research report on Sunday, May 22nd. Vetr upgraded shares of Oasis Petroleum from a hold rating to a buy rating and set a $11.33 price target on the stock in a research report on Thursday, June 2nd. Morgan Stanley restated a hold rating and set a $12.00 price target on shares of Oasis Petroleum in a research report on Friday, August 5th. Finally, Piper Jaffray Cos. initiated coverage on shares of Oasis Petroleum in a research report on Friday, June 10th. They set a neutral rating and a $13.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Oasis Petroleum presently has a consensus rating of Hold and a consensus target price of $11.43.
Shares of Oasis Petroleum (NYSE:OAS) opened at 8.88 on Thursday. Oasis Petroleum has a 12 month low of $3.40 and a 12 month high of $14.15. The stock’s market capitalization is $1.60 billion. The stock’s 50 day moving average is $9.40 and its 200 day moving average is $9.00.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. The firm had revenue of $179 million for the quarter, compared to analyst estimates of $184.47 million. Oasis Petroleum had a negative net margin of 17.91% and a negative return on equity of 1.22%. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Analysts anticipate that Oasis Petroleum will post ($0.62) earnings per share for the current fiscal year.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were 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 in the company, valued at approximately $14,189,686.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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 OAS. IFP Advisors Inc boosted 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 valued at $101,000 after buying an additional 100 shares during the period. Seven Eight Capital LLC purchased a new position in Oasis Petroleum during the first quarter valued at approximately $126,000. Advisory Services Network LLC boosted its position in Oasis Petroleum by 10.5% in the second quarter. Advisory Services Network LLC now owns 13,700 shares of the company’s stock valued at $128,000 after buying an additional 1,300 shares during the period. Sanders Morris Harris Inc. boosted its position in Oasis Petroleum by 50.0% in the second quarter. Sanders Morris Harris Inc. now owns 15,000 shares of the company’s stock valued at $140,000 after buying an additional 5,000 shares during the period. Finally, Atria Investments LLC purchased a new position in Oasis Petroleum during the second quarter valued at approximately $143,000. Institutional investors own 89.73% of the company’s stock.
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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