Analysts Set Oasis Petroleum Inc. (OAS) Target Price at $12.50
Shares of Oasis Petroleum Inc. (NYSE:OAS) have been assigned an average recommendation of “Buy” from the twenty-eight ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.50.
Several analysts have commented on OAS shares. Zacks Investment Research cut shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Capital One Financial cut shares of Oasis Petroleum from an “overweight” rating to an “underweight” rating in a research note on Thursday, December 20th. Stifel Nicolaus raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.50 to $14.00 in a research note on Tuesday, January 8th. Raymond James set a $12.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Piper Jaffray Companies cut shares of Oasis Petroleum from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 9th.
In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of Oasis Petroleum stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total value of $241,600.00. Following the transaction, the vice president now owns 536,017 shares in the company, valued at approximately $3,237,542.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.
Shares of OAS traded down $0.07 during mid-day trading on Wednesday, reaching $6.55. 188,821 shares of the company’s stock were exchanged, compared to its average volume of 9,607,575. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.85. Oasis Petroleum has a 52-week low of $4.74 and a 52-week high of $14.57. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 1.50 and a beta of 2.13.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, February 26th. The energy producer reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). The firm had revenue of $599.80 million during the quarter, compared to analysts’ expectations of $429.45 million. Oasis Petroleum had a positive return on equity of 2.12% and a negative net margin of 1.71%. The firm’s revenue was up 37.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, equities analysts expect that Oasis Petroleum will post 0.29 earnings per share for the current fiscal year.
Oasis Petroleum Company Profile
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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.
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