Stifel Nicolaus set a $14.00 price objective on Oasis Petroleum (NYSE:OAS) in a research note released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the energy producer’s stock.

A number of other brokerages also recently commented on OAS. Ifs Securities downgraded shares of Oasis Petroleum from an outperform rating to a market perform rating and lowered their price target for the stock from $8.00 to $7.00 in a report on Tuesday, April 23rd. Williams Capital restated a buy rating and issued a $9.00 target price on shares of Oasis Petroleum in a report on Sunday, April 21st. ValuEngine upgraded shares of Oasis Petroleum from a strong sell rating to a sell rating in a report on Tuesday, March 19th. Capital One Financial upgraded shares of Oasis Petroleum from an underweight rating to an equal weight rating in a report on Wednesday, March 20th. Finally, Jefferies Financial Group lowered their target price on shares of Oasis Petroleum from $11.00 to $10.00 and set a buy rating for the company in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $12.63.

Shares of NYSE OAS traded up $0.41 during midday trading on Wednesday, reaching $5.79. 15,042,775 shares of the stock were exchanged, compared to its average volume of 10,972,981. The company has a market cap of $1.80 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.03 and a beta of 2.08. Oasis Petroleum has a 52-week low of $4.54 and a 52-week high of $14.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.78 and a quick ratio of 0.73.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, May 7th. The energy producer reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The firm had revenue of $575.73 million for the quarter, compared to analysts’ expectations of $421.65 million. Oasis Petroleum had a positive return on equity of 1.14% and a negative net margin of 6.78%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. On average, analysts anticipate that Oasis Petroleum will post 0.17 EPS for the current year.

In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of Oasis Petroleum stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total transaction of $241,600.00. Following the transaction, the vice president now directly owns 536,017 shares of the company’s stock, valued at $3,237,542.68. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC lifted its position in Oasis Petroleum by 418.9% during the fourth quarter. Penserra Capital Management LLC now owns 21,192 shares of the energy producer’s stock valued at $116,000 after buying an additional 17,108 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Oasis Petroleum during the fourth quarter worth $127,000. Two Sigma Investments LP lifted its position in shares of Oasis Petroleum by 2.2% during the fourth quarter. Two Sigma Investments LP now owns 2,837,908 shares of the energy producer’s stock worth $15,694,000 after purchasing an additional 62,053 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of Oasis Petroleum during the fourth quarter worth $1,338,000. Finally, CWM LLC acquired a new position in shares of Oasis Petroleum during the first quarter worth $621,000. 99.14% 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 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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