Williams Capital set a $11.00 price target on Oasis Petroleum (NYSE:OAS) in a research report sent to investors on Wednesday morning. The firm currently has a buy rating on the energy producer’s stock.

A number of other research firms also recently weighed in on OAS. Oppenheimer started coverage on Oasis Petroleum in a research note on Wednesday, October 3rd. They issued a market perform rating on the stock. Wolfe Research upgraded Oasis Petroleum from a market perform rating to an outperform rating in a research note on Wednesday, October 17th. Cowen started coverage on Oasis Petroleum in a research note on Thursday, November 29th. They issued a market perform rating on the stock. KLR Group restated a buy rating and issued a $18.00 price target on shares of Oasis Petroleum in a research note on Monday, August 20th. Finally, Seaport Global Securities restated a buy rating on shares of Oasis Petroleum in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $13.63.

Shares of OAS stock traded down $0.09 during midday trading on Wednesday, hitting $6.24. The company had a trading volume of 171,497 shares, compared to its average volume of 10,048,740. Oasis Petroleum has a 52-week low of $6.26 and a 52-week high of $14.57. The company has a market capitalization of $2.01 billion, a P/E ratio of 313.75, a price-to-earnings-growth ratio of 1.05 and a beta of 2.22. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.72.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. The business had revenue of $546.50 million during the quarter, compared to analysts’ expectations of $455.65 million. The business’s revenue was up 79.4% compared to the same quarter last year. As a group, equities analysts predict that Oasis Petroleum will post 0.4 earnings per share for the current fiscal year.

In related news, insider Taylor L. Reid sold 30,000 shares of Oasis Petroleum stock in a transaction on Monday, November 19th. The stock was sold at an average price of $8.04, for a total transaction of $241,200.00. Following the completion of the transaction, the insider now directly owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. New Mexico Educational Retirement Board acquired a new position in shares of Oasis Petroleum in the second quarter worth $811,000. Comerica Bank raised its holdings in shares of Oasis Petroleum by 878.3% in the second quarter. Comerica Bank now owns 202,921 shares of the energy producer’s stock worth $2,413,000 after acquiring an additional 182,178 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Oasis Petroleum in the second quarter worth $397,000. First Trust Advisors LP raised its holdings in shares of Oasis Petroleum by 29.6% in the second quarter. First Trust Advisors LP now owns 358,325 shares of the energy producer’s stock worth $4,647,000 after acquiring an additional 81,857 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Oasis Petroleum in the second quarter worth $933,000. 97.42% of the stock is owned by hedge funds and other institutional investors.

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.

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