Oasis Petroleum (NYSE:OAS) had its target price lowered by analysts at Morgan Stanley from $20.00 to $18.00 in a report released on Wednesday. The firm presently has a “buy” rating on the energy producer’s stock. Morgan Stanley’s price objective would suggest a potential upside of 30.62% from the company’s previous close.

OAS has been the subject of several other research reports. Williams Capital reiterated a “buy” rating and set a $18.00 price target on shares of Oasis Petroleum in a research report on Tuesday, June 26th. Royal Bank of Canada reiterated a “buy” rating and set a $15.00 price target on shares of Oasis Petroleum in a research report on Friday, July 13th. Jefferies Financial Group cut shares of Oasis Petroleum from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.56 to $14.00 in a research report on Monday, June 11th. Zacks Investment Research upgraded shares of Oasis Petroleum from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Wednesday, June 6th. Finally, Stifel Nicolaus set a $10.00 price target on shares of Oasis Petroleum and gave the stock a “hold” rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.20.

OAS traded up $0.26 during midday trading on Wednesday, hitting $13.78. The company had a trading volume of 85,239 shares, compared to its average volume of 6,038,640. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $4.43 billion, a PE ratio of 692.50, a PEG ratio of 2.01 and a beta of 2.14. Oasis Petroleum has a twelve month low of $7.31 and a twelve month high of $14.19.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Monday, August 6th. The energy producer reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $501.30 million during the quarter, compared to analysts’ expectations of $404.75 million. Oasis Petroleum had a negative net margin of 14.48% and a positive return on equity of 2.53%. The company’s quarterly revenue was up 97.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. research analysts predict that Oasis Petroleum will post 0.46 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC grew its holdings in Oasis Petroleum by 6.8% during the second quarter. Piedmont Investment Advisors LLC now owns 73,286 shares of the energy producer’s stock valued at $951,000 after purchasing an additional 4,680 shares during the period. Russell Investments Group Ltd. grew its holdings in Oasis Petroleum by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 25,567 shares of the energy producer’s stock valued at $334,000 after purchasing an additional 5,719 shares during the period. Tower Research Capital LLC TRC grew its holdings in Oasis Petroleum by 32.9% during the second quarter. Tower Research Capital LLC TRC now owns 23,405 shares of the energy producer’s stock valued at $303,000 after purchasing an additional 5,794 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Oasis Petroleum during the second quarter valued at approximately $734,000. Finally, Oakbrook Investments LLC acquired a new position in Oasis Petroleum during the second quarter valued at approximately $131,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.

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 Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 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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