Piper Jaffray Companies set a $15.00 price objective on Oasis Petroleum (NYSE:OAS) in a report released on Thursday morning. The firm currently has a buy rating on the energy producer’s stock.
Several other equities analysts also recently issued reports on OAS. Mizuho reiterated a hold rating and set a $10.00 price objective on shares of Oasis Petroleum in a research report on Friday, September 29th. Royal Bank of Canada reiterated a buy rating and set a $14.00 price objective on shares of Oasis Petroleum in a research report on Wednesday. Macquarie downgraded Oasis Petroleum from an outperform rating to a neutral rating and set a $11.00 price objective for the company. in a research report on Thursday. Jefferies Group set a $14.00 price objective on Oasis Petroleum and gave the stock a buy rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on Oasis Petroleum from $9.00 to $11.00 and gave the stock an equal weight rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $12.55.
Shares of Oasis Petroleum (NYSE:OAS) traded down $0.17 during midday trading on Thursday, hitting $7.84. The stock had a trading volume of 18,450,312 shares, compared to its average volume of 9,179,162. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. 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 issued its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 1.29% and a negative net margin of 5.23%. The business’s revenue was up 71.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. analysts predict that Oasis Petroleum will post -0.09 earnings per share for the current year.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s 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 completion of the sale, the vice president now directly owns 182,351 shares in the company, valued at $1,599,218.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Investors Inc. PA bought a new position in shares of Oasis Petroleum in the second quarter valued at $121,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Oasis Petroleum by 103.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after buying an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Oasis Petroleum in the third quarter valued at $142,000. Teacher Retirement System of Texas increased its holdings in shares of Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after buying an additional 1,100 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Oasis Petroleum by 16,797.3% in the third quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock valued at $174,000 after buying an additional 18,981 shares in the last quarter. 93.94% of the stock is currently owned by institutional investors.
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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.
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