Oasis Petroleum Inc. (NYSE:OAS) had its target price cut by Morgan Stanley from $10.00 to $9.00 in a research report report published on Wednesday, October 18th. They currently have an equal weight rating on the energy producer’s stock.
A number of other equities research analysts have also commented on OAS. Stifel Nicolaus reissued a hold rating and issued a $11.00 price target on shares of Oasis Petroleum in a research report on Sunday, September 3rd. Cowen and Company set a $14.00 target price on Oasis Petroleum and gave the company a buy rating in a research report on Monday, July 10th. Royal Bank Of Canada reiterated a buy rating and set a $14.00 price target on shares of Oasis Petroleum in a research note on Thursday, July 20th. Zacks Investment Research downgraded Oasis Petroleum from a hold rating to a sell rating in a research note on Tuesday, July 18th. Finally, Williams Capital set a $13.00 target price on Oasis Petroleum and gave the stock a buy rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $13.26.
Oasis Petroleum (OAS) traded up 3.45% on Wednesday, reaching $8.99. 7,489,218 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $8.57 and a 200-day moving average of $9.08. The firm’s market capitalization is $2.13 billion. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $17.08.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) earnings per share. On average, equities analysts expect that Oasis Petroleum will post ($0.15) earnings per share for the current year.
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In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the sale, the vice president now directly owns 182,351 shares in the company, valued at $1,599,218.27. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the sale, the insider now owns 1,175,727 shares in the company, valued at $9,194,185.14. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank raised its holdings in shares of Oasis Petroleum by 1.1% in the second quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock worth $238,000 after buying an additional 323 shares during the period. Teacher Retirement System of Texas increased its holdings in Oasis Petroleum by 2.9% during the 1st quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock worth $251,000 after purchasing an additional 497 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock worth $166,000 after purchasing an additional 1,089 shares during the period. Bellwether Investment Group LLC increased its holdings in Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after purchasing an additional 1,463 shares during the period. Finally, Energy Opportunities Capital Management LLC increased its holdings in Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock worth $610,000 after purchasing an additional 2,062 shares during the period. Hedge funds and other institutional investors own 93.64% of the company’s stock.
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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