Stephens set a $15.00 target price on Oasis Petroleum (NYSE:OAS) in a research note released on Tuesday. The firm currently has a buy rating on the energy producer’s stock.

Other analysts have also issued research reports about the company. Jefferies Group set a $13.00 price target on Oasis Petroleum and gave the company a buy rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded Oasis Petroleum from a hold rating to a buy rating and set a $10.00 price target for the company in a report on Saturday, February 3rd. Williams Capital set a $13.00 price target on Oasis Petroleum and gave the company a buy rating in a report on Wednesday, February 28th. Seaport Global Securities upgraded Oasis Petroleum from a neutral rating to a buy rating in a report on Tuesday, April 3rd. Finally, TheStreet upgraded Oasis Petroleum from a d+ rating to a c rating in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued 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 price target of $11.48.

Shares of NYSE OAS opened at $10.80 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3,369.69, a P/E ratio of 530.50 and a beta of 2.11. Oasis Petroleum has a 52-week low of $6.69 and a 52-week high of $12.51.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, February 27th. The energy producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $404.47 million during the quarter, compared to analyst estimates of $328.78 million. Oasis Petroleum had a return on equity of 0.16% and a net margin of 9.92%. analysts anticipate that Oasis Petroleum will post 0.27 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Oasis Petroleum by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 2,102,994 shares of the energy producer’s stock worth $17,685,000 after purchasing an additional 167,734 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Oasis Petroleum by 2,640.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 107,985 shares of the energy producer’s stock worth $908,000 after purchasing an additional 104,045 shares in the last quarter. Encap Energy Capital Fund Viii L.P. acquired a new position in shares of Oasis Petroleum during the fourth quarter worth $386,860,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Oasis Petroleum during the fourth quarter worth $1,883,000. Finally, Cushing Asset Management LP acquired a new position in shares of Oasis Petroleum during the fourth quarter worth $210,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

About Oasis Petroleum

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.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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