Oasis Petroleum Inc. (OAS) Receives Consensus Rating of “Buy” from Analysts

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Shares of Oasis Petroleum Inc. (NYSE:OAS) have earned a consensus rating of “Buy” from the twenty-eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.50.

Several research firms recently commented on OAS. Zacks Investment Research raised shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Credit Suisse Group lowered shares of Oasis Petroleum from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 19th. Capital One Financial lowered shares of Oasis Petroleum from an “overweight” rating to an “underweight” rating in a research note on Thursday, December 20th. Raymond James set a $12.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, Citigroup cut their target price on shares of Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, March 12th.

OAS stock traded down $0.07 on Wednesday, hitting $6.55. 188,821 shares of the company’s stock traded hands, compared to its average volume of 9,607,575. Oasis Petroleum has a 1-year low of $4.74 and a 1-year high of $14.57. The firm has a market cap of $2.14 billion, a PE ratio of 25.60, a P/E/G ratio of 1.50 and a beta of 2.13. 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 (NYSE:OAS) last released its earnings results on Tuesday, February 26th. The energy producer reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a negative net margin of 1.71% and a positive return on equity of 2.12%. The business had revenue of $599.80 million for the quarter, compared to analyst estimates of $429.45 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, sell-side analysts expect that Oasis Petroleum will post 0.29 earnings per share for the current year.

In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Oasis Petroleum by 1.7% in the third quarter. Vanguard Group Inc. now owns 27,628,999 shares of the energy producer’s stock worth $391,779,000 after acquiring an additional 462,112 shares in the last quarter. Vanguard Group Inc grew its position in Oasis Petroleum by 1.7% in the third quarter. Vanguard Group Inc now owns 27,628,999 shares of the energy producer’s stock worth $391,779,000 after acquiring an additional 462,112 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Oasis Petroleum by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,523,088 shares of the energy producer’s stock worth $119,023,000 after acquiring an additional 1,012,789 shares in the last quarter. Oslo Asset Management AS grew its position in Oasis Petroleum by 111.3% in the fourth quarter. Oslo Asset Management AS now owns 6,383,980 shares of the energy producer’s stock worth $35,303,000 after acquiring an additional 3,363,280 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in Oasis Petroleum by 835.9% in the third quarter. Federated Investors Inc. PA now owns 5,060,562 shares of the energy producer’s stock worth $71,759,000 after acquiring an additional 4,519,836 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.

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 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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Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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