Cowen and Company restated their buy rating on shares of Oasis Petroleum Inc. (NYSE:OAS) in a research note released on Friday. The firm currently has a $12.00 target price on the energy producer’s stock.
A number of other equities analysts have also recently weighed in on OAS. Royal Bank Of Canada restated an outperform rating and issued a $13.00 price target (up previously from $12.00) on shares of Oasis Petroleum in a report on Thursday. ValuEngine cut Oasis Petroleum from a hold rating to a sell rating in a report on Monday, August 7th. Mizuho restated a hold rating and issued a $10.00 price target on shares of Oasis Petroleum in a report on Friday, September 29th. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a buy rating in a report on Sunday, August 13th. Finally, KeyCorp restated an overweight rating on shares of Oasis Petroleum in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $13.27.
Oasis Petroleum (OAS) opened at $10.78 on Friday. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $17.08. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.79.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative return on equity of 1.31% and a negative net margin of 5.23%. Oasis Petroleum’s quarterly revenue was up 71.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) EPS. sell-side analysts anticipate that Oasis Petroleum will post -0.13 EPS for the current fiscal year.
In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the transaction, the vice president now owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in OAS. Bank of New York Mellon Corp boosted its position in shares of Oasis Petroleum by 90.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock valued at $46,330,000 after purchasing an additional 2,732,234 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Oasis Petroleum in the 2nd quarter valued at $17,572,000. GMT Capital Corp acquired a new position in shares of Oasis Petroleum in the 3rd quarter valued at $19,487,000. Caymus Capital Partners L.P. boosted its position in shares of Oasis Petroleum by 50.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock valued at $50,229,000 after purchasing an additional 2,086,400 shares during the period. Finally, State Street Corp boosted its position in shares of Oasis Petroleum by 24.3% in the 2nd quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after purchasing an additional 1,931,992 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.
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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