Williams Capital reiterated their hold rating on shares of Oasis Petroleum Inc. (NYSE:OAS) in a report released on Tuesday, May 9th. They currently have a $15.00 price objective on the energy producer’s stock.
A number of other analysts have also weighed in on OAS. Macquarie raised shares of Oasis Petroleum from a neutral rating to an outperform rating and upped their price target for the stock from $13.50 to $19.00 in a research note on Monday, January 9th. Canaccord Genuity set a $13.00 price target on shares of Oasis Petroleum and gave the stock a hold rating in a research note on Thursday, January 12th. Deutsche Bank AG raised shares of Oasis Petroleum from a hold rating to a buy rating in a research note on Tuesday, January 31st. Royal Bank of Canada set a $17.00 target price on shares of Oasis Petroleum and gave the company a buy rating in a research note on Saturday, February 25th. Finally, Guggenheim raised shares of Oasis Petroleum from a neutral rating to a buy rating and set a $21.00 target price for the company in a research note on Thursday, March 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. Oasis Petroleum currently has a consensus rating of Buy and an average price target of $15.48.
Oasis Petroleum (NYSE OAS) opened at 9.70 on Tuesday. The company has a 50-day moving average price of $11.57 and a 200-day moving average price of $13.57. Oasis Petroleum has a 12-month low of $6.56 and a 12-month high of $17.08. The firm’s market cap is $2.30 billion.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $285.10 million during the quarter, compared to analyst estimates of $252.72 million. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. The business’s revenue for the quarter was up 119.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) EPS. On average, equities analysts predict that Oasis Petroleum will post ($0.07) earnings per share for the current year.
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Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Oasis Petroleum by 81.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,638,432 shares of the energy producer’s stock worth $297,326,000 after buying an additional 8,816,593 shares during the last quarter. Paulson & CO. Inc. purchased a new position in shares of Oasis Petroleum during the fourth quarter worth $78,536,000. Norges Bank purchased a new position in shares of Oasis Petroleum during the fourth quarter worth $29,719,000. Caymus Capital Partners L.P. increased its position in shares of Oasis Petroleum by 48.5% in the first quarter. Caymus Capital Partners L.P. now owns 4,153,200 shares of the energy producer’s stock worth $59,225,000 after buying an additional 1,356,200 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in Oasis Petroleum during the first quarter valued at approximately $18,545,000. Institutional investors and hedge funds own 78.29% 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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