Oasis Petroleum Inc. (OAS) Receives Buy Rating from Cowen and Company
Cowen and Company reissued their buy rating on shares of Oasis Petroleum Inc. (NYSE:OAS) in a report released on Sunday morning. Cowen and Company currently has a $10.00 price objective on the energy producer’s stock.
OAS has been the topic of a number of other reports. Mizuho reiterated a hold rating and set a $10.00 price objective on shares of Oasis Petroleum in a research note on Friday, September 29th. Morgan Stanley reduced their price objective on shares of Oasis Petroleum from $10.00 to $9.00 and set an equal weight rating on the stock in a research note on Wednesday, October 18th. BMO Capital Markets set a $11.00 price objective on shares of Oasis Petroleum and gave the company a buy rating in a research note on Sunday, August 13th. Deutsche Bank AG downgraded shares of Oasis Petroleum from a buy rating to a hold rating and reduced their price objective for the company from $18.00 to $11.00 in a research note on Tuesday, July 18th. Finally, Zacks Investment Research upgraded shares of Oasis Petroleum from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $13.26.
Shares of Oasis Petroleum (NYSE:OAS) traded down 1.6854% during midday trading on Friday, hitting $8.5632. 2,568,998 shares of the stock were exchanged. The firm’s market cap is $2.03 billion. The firm has a 50 day moving average of $8.45 and a 200 day moving average of $9.28. Oasis Petroleum has a 12-month low of $6.69 and a 12-month high of $17.08.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. Equities analysts forecast that Oasis Petroleum will post ($0.15) EPS for the current fiscal year.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the completion of the sale, the vice president now directly owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the sale, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of OAS. Karp Capital Management Corp purchased a new stake in shares of Oasis Petroleum in the first quarter worth approximately $503,000. Teachers Advisors LLC lifted its position in shares of Oasis Petroleum by 0.4% in the first quarter. Teachers Advisors LLC now owns 1,622,122 shares of the energy producer’s stock worth $23,131,000 after purchasing an additional 6,767 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Oasis Petroleum by 2.9% in the first quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock worth $251,000 after purchasing an additional 497 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Oasis Petroleum in the first quarter worth approximately $1,258,000. Finally, Vanguard Group Inc. lifted its position in shares of Oasis Petroleum by 5.0% in the first quarter. Vanguard Group Inc. now owns 19,396,245 shares of the energy producer’s stock worth $276,591,000 after purchasing an additional 917,054 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.
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, Well Services, and Midstream Services.
Receive News & Ratings for Oasis Petroleum Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.