Oasis Petroleum Inc. (NYSE:OAS) has been assigned a consensus rating of “Buy” from the thirty analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.31.
Several research firms recently issued reports on OAS. Jefferies Financial Group lowered Oasis Petroleum from a “buy” rating to a “hold” rating and dropped their target price for the stock from $14.56 to $14.00 in a report on Monday. Zacks Investment Research upgraded Oasis Petroleum from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Wednesday, June 6th. ValuEngine upgraded Oasis Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, May 26th. KeyCorp upped their target price on Oasis Petroleum from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 24th. Finally, JPMorgan Chase & Co. upped their target price on Oasis Petroleum from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, May 23rd.
OAS traded down $0.02 on Thursday, hitting $12.74. 203,934 shares of the company were exchanged, compared to its average volume of 10,152,729. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $13.70. The firm has a market capitalization of $4.08 billion, a PE ratio of 635.25, a PEG ratio of 2.20 and a beta of 2.11. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.63.
In other news, insider Taylor L. Reid sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $12.22, for a total value of $366,600.00. Following the transaction, the insider now owns 1,232,534 shares of the company’s stock, valued at $15,061,565.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael H. Lou sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $12.27, for a total value of $196,320.00. Following the completion of the transaction, the vice president now directly owns 434,959 shares in the company, valued at approximately $5,336,946.93. The disclosure for this sale can be found here. Insiders sold 65,181 shares of company stock worth $791,174 in the last ninety days. 1.50% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. GW&K Investment Management LLC grew its position in shares of Oasis Petroleum by 49.6% in the first quarter. GW&K Investment Management LLC now owns 19,925 shares of the energy producer’s stock valued at $161,000 after purchasing an additional 6,610 shares during the last quarter. Palisade Capital Management LLC NJ grew its position in shares of Oasis Petroleum by 35.8% in the first quarter. Palisade Capital Management LLC NJ now owns 27,300 shares of the energy producer’s stock valued at $221,000 after purchasing an additional 7,200 shares during the last quarter. CoreCommodity Management LLC grew its position in shares of Oasis Petroleum by 8.0% in the fourth quarter. CoreCommodity Management LLC now owns 150,061 shares of the energy producer’s stock valued at $1,262,000 after purchasing an additional 11,169 shares during the last quarter. Engineers Gate Manager LP grew its position in shares of Oasis Petroleum by 17.7% in the first quarter. Engineers Gate Manager LP now owns 76,211 shares of the energy producer’s stock valued at $617,000 after purchasing an additional 11,443 shares during the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of Oasis Petroleum in the first quarter valued at approximately $119,000. 91.95% of the stock is currently owned by 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 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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