Oasis Petroleum (OAS) Given a $14.00 Price Target at Raymond James Financial

Oasis Petroleum (NYSE:OAS) has been given a $14.00 target price by analysts at Raymond James Financial in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the energy producer’s stock. Raymond James Financial’s target price would indicate a potential upside of 68.07% from the stock’s previous close.

A number of other brokerages also recently commented on OAS. Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 target price (down from $10.50) on shares of Oasis Petroleum in a report on Monday, September 25th. Piper Jaffray Companies restated an “overweight” rating on shares of Oasis Petroleum in a report on Tuesday, October 17th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price objective (up previously from $12.00) on shares of Oasis Petroleum in a report on Thursday, November 9th. Jefferies Group restated a “buy” rating and set a $13.00 price objective on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Finally, Mizuho set a $11.00 price objective on shares of Oasis Petroleum and gave the company a “hold” rating in a report on Saturday, November 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Oasis Petroleum presently has an average rating of “Hold” and a consensus target price of $12.68.

Shares of Oasis Petroleum (NYSE OAS) traded down $1.73 during trading on Tuesday, reaching $8.33. 87,709,212 shares of the company’s stock were exchanged, compared to its average volume of 8,941,401. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $16.73.

Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The firm’s revenue was up 71.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. sell-side analysts anticipate that Oasis Petroleum will post -0.09 EPS for the current year.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Federated Investors Inc. PA acquired a new position in Oasis Petroleum in the 2nd quarter worth approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Oasis Petroleum by 103.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after buying an additional 7,720 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Oasis Petroleum in the 3rd quarter worth approximately $142,000. Teacher Retirement System of Texas increased its holdings in Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after buying an additional 1,100 shares during the period. Finally, Sei Investments Co. boosted its position in Oasis Petroleum by 16,797.3% in the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock worth $174,000 after purchasing an additional 18,981 shares in the last quarter. Institutional investors own 93.94% of the company’s stock.

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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.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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