News stories about Oasis Petroleum (NYSE:OAS) have been trending somewhat positive on Tuesday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oasis Petroleum earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the energy producer an impact score of 48.2441961477716 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Oasis Petroleum (OAS) opened at $10.30 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76. Oasis Petroleum has a twelve month low of $6.69 and a twelve month high of $17.08.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The company had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same quarter last year, the business posted ($0.19) EPS. Oasis Petroleum’s revenue for the quarter was up 71.9% on a year-over-year basis. equities analysts anticipate that Oasis Petroleum will post -0.1 earnings per share for the current year.
A number of equities analysts have recently weighed in on OAS shares. Stifel Nicolaus reiterated a “hold” rating and set a $11.00 target price on shares of Oasis Petroleum in a research note on Sunday, September 3rd. Jefferies Group set a $13.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Evercore ISI upgraded Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research note on Friday, November 3rd. Goldman Sachs Group upgraded Oasis Petroleum from a “sell” rating to a “neutral” rating in a research note on Thursday, October 19th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Oasis Petroleum in a research note on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $13.32.
In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the sale, the vice president now owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.
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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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