Oasis Petroleum Inc. (NYSE:OAS) shares hit a new 52-week low during trading on Thursday . The company traded as low as $6.45 and last traded at $6.74, with a volume of 12948262 shares traded. The stock had previously closed at $7.40.
OAS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, October 24th. Morgan Stanley reduced their price objective on Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, September 26th. Seaport Global Securities restated a “buy” rating on shares of Oasis Petroleum in a research note 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 note on Monday, August 20th. Finally, LADENBURG THALM/SH SH set a $18.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, October 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the stock. Oasis Petroleum has an average rating of “Buy” and an average price target of $13.93.
The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55. The company has a market capitalization of $2.18 billion, a P/E ratio of 344.50, a PEG ratio of 1.13 and a beta of 2.22.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The business had revenue of $546.50 million during the quarter, compared to analyst estimates of $455.65 million. The company’s revenue for the quarter was up 79.4% compared to the same quarter last year. Research analysts expect that Oasis Petroleum Inc. will post 0.41 earnings per share for the current fiscal year.
In related news, insider Taylor L. Reid sold 30,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $8.04, for a total value of $241,200.00. Following the transaction, the insider now owns 1,216,576 shares in the company, valued at $9,781,271.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in OAS. CIBC Asset Management Inc acquired a new position in shares of Oasis Petroleum in the second quarter worth about $150,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in Oasis Petroleum in the third quarter valued at about $157,000. Advisors Preferred LLC bought a new stake in Oasis Petroleum in the second quarter valued at about $176,000. Gideon Capital Advisors Inc. bought a new stake in Oasis Petroleum in the second quarter valued at about $238,000. Finally, Neuburgh Advisers LLC bought a new stake in Oasis Petroleum in the second quarter valued at about $241,000.
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About Oasis Petroleum (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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