Oasis Petroleum Inc. (NYSE:OAS) has been assigned a $18.00 price objective by research analysts at BMO Capital Markets in a report released on Monday, May 8th. The brokerage presently has a “buy” rating on the energy producer’s stock. BMO Capital Markets’ price objective points to a potential upside of 56.52% from the stock’s previous close.
OAS has been the subject of a number of other reports. SunTrust Banks, Inc. upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and boosted their price target for the company from $16.00 to $17.00 in a report on Wednesday, May 3rd. Deutsche Bank AG upgraded Oasis Petroleum from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Seaport Global Securities upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Royal Bank of Canada restated a “buy” rating and set a $19.00 price objective on shares of Oasis Petroleum in a research note on Friday, March 31st. Finally, Stifel Nicolaus started coverage on Oasis Petroleum in a research note on Friday, April 7th. They set a “hold” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. Oasis Petroleum currently has a consensus rating of “Buy” and an average price target of $15.37.
Shares of Oasis Petroleum (NYSE:OAS) traded up 4.00% during midday trading on Monday, reaching $11.96. 5,244,375 shares of the company were exchanged. Oasis Petroleum has a 52 week low of $6.56 and a 52 week high of $17.08. The firm’s market capitalization is $2.84 billion. The firm has a 50-day moving average of $12.60 and a 200 day moving average of $13.58.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. Oasis Petroleum had a negative return on equity of 2.98% and a negative net margin of 27.57%. The business had revenue of $285.10 million during the quarter, compared to the consensus estimate of $252.72 million. During the same period in the previous year, the business earned ($0.18) EPS. The business’s quarterly revenue was up 119.3% on a year-over-year basis. On average, equities research analysts expect that Oasis Petroleum will post ($0.07) EPS for the current year.
In other Oasis Petroleum news, Director John E. Hagale bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average price of $14.05 per share, for a total transaction of $210,750.00. Following the purchase, the director now directly owns 44,100 shares in the company, valued at $619,605. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in OAS. CSS LLC IL acquired a new stake in shares of Oasis Petroleum during the third quarter valued at $115,000. Usca Ria LLC purchased a new stake in shares of Oasis Petroleum during the third quarter worth approximately $118,000. Stephens Inc. AR increased its stake in shares of Oasis Petroleum by 17.0% in the third quarter. Stephens Inc. AR now owns 11,700 shares of the energy producer’s stock worth $134,000 after buying an additional 1,700 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Oasis Petroleum during the third quarter worth approximately $135,000. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
About Oasis Petroleum
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 MarketBeat.com's FREE daily email newsletter.