Oasis Petroleum Inc. (NYSE:OAS) shares were down 6.7% during mid-day trading on Thursday . The company traded as low as $9.57 and last traded at $9.57. Approximately 9,155,820 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 8,863,758 shares. The stock had previously closed at $10.26.
A number of research analysts recently issued reports on OAS shares. LADENBURG THALM/SH SH set a $18.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, October 1st. Morgan Stanley decreased their price target on shares of Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. Seaport Global Securities restated a “buy” rating on shares of Oasis Petroleum in a research report on Friday, September 7th. KLR Group restated a “buy” rating and set a $18.00 price objective on shares of Oasis Petroleum in a research report on Monday, August 20th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $26.00 price objective on shares of Oasis Petroleum in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.28.
The firm has a market cap of $3.26 billion, a P/E ratio of 468.00, a price-to-earnings-growth ratio of 1.45 and a beta of 2.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.48 and a current ratio of 0.59.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The business had revenue of $546.50 million during the quarter, compared to analyst estimates of $455.65 million. Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. The firm’s revenue for the quarter was up 79.4% on a year-over-year basis. Research analysts predict that Oasis Petroleum Inc. will post 0.45 EPS for the current year.
Several institutional investors have recently made changes to their positions in OAS. Russell Investments Group Ltd. increased its holdings in shares of Oasis Petroleum by 297.0% in the 1st quarter. Russell Investments Group Ltd. now owns 19,848 shares of the energy producer’s stock valued at $161,000 after acquiring an additional 14,848 shares during the period. Hartwell J M Limited Partnership acquired a new position in shares of Oasis Petroleum in the 2nd quarter valued at $648,000. Retirement Systems of Alabama acquired a new position in shares of Oasis Petroleum in the 2nd quarter valued at $4,476,000. Sippican Capital Advisors acquired a new position in shares of Oasis Petroleum in the 2nd quarter valued at $174,000. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Oasis Petroleum in the 2nd quarter valued at $240,000. 97.19% of the stock is currently owned by institutional investors and hedge funds.
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Oasis Petroleum Company Profile (NYSE:OAS)
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
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