Cowen and Company set a $10.00 price objective on Oasis Petroleum Inc. (NYSE:OAS) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the energy producer’s stock.
A number of other equities analysts have also issued reports on the company. ValuEngine lowered Oasis Petroleum from a hold rating to a sell rating in a research note on Friday, June 2nd. Williams Capital reaffirmed a hold rating and set a $15.00 price target on shares of Oasis Petroleum in a research note on Monday, May 15th. BMO Capital Markets set a $18.00 price target on Oasis Petroleum and gave the company a buy rating in a research note on Monday, May 8th. SunTrust Banks, Inc. raised Oasis Petroleum from a hold rating to a buy rating and increased their price target for the company from $16.00 to $17.00 in a research note on Wednesday, May 3rd. Finally, BidaskClub raised Oasis Petroleum from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $14.61.
Oasis Petroleum (NYSE:OAS) traded down 2.69% during mid-day trading on Wednesday, hitting $7.96. The stock had a trading volume of 6,282,194 shares. Oasis Petroleum has a 12-month low of $6.56 and a 12-month high of $17.08. The stock’s market cap is $1.89 billion. The company has a 50-day moving average of $8.39 and a 200-day moving average of $12.09.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Monday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $285.10 million during the quarter, compared to analyst estimates of $252.72 million. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The business’s revenue for the quarter was up 119.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) EPS. On average, analysts anticipate that Oasis Petroleum will post ($0.10) earnings per share for the current fiscal year.
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In other news, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $9.50, for a total value of $1,778,742.00. Following the transaction, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of OAS. First Mercantile Trust Co. increased its position in Oasis Petroleum by 17.5% in the first quarter. First Mercantile Trust Co. now owns 19,780 shares of the energy producer’s stock worth $282,000 after buying an additional 2,940 shares during the period. Nationwide Fund Advisors increased its position in Oasis Petroleum by 6.1% in the first quarter. Nationwide Fund Advisors now owns 260,360 shares of the energy producer’s stock worth $3,713,000 after buying an additional 14,995 shares during the period. Atria Investments LLC increased its position in Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock worth $243,000 after buying an additional 700 shares during the period. Bank of Montreal Can increased its position in Oasis Petroleum by 110.7% in the first quarter. Bank of Montreal Can now owns 2,332,894 shares of the energy producer’s stock worth $33,267,000 after buying an additional 1,225,628 shares during the period. Finally, Creative Planning increased its position in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock worth $348,000 after buying an additional 323 shares during the period. 98.72% of the stock is currently 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.
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