Oasis Petroleum (OAS) Upgraded by SunTrust Banks to Hold

SunTrust Banks upgraded shares of Oasis Petroleum (NYSE:OAS) from a sell rating to a hold rating in a report released on Tuesday, MarketBeat reports. They currently have $11.00 target price on the energy producer’s stock, up from their prior target price of $9.00. SunTrust Banks also issued estimates for Oasis Petroleum’s Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.41 EPS, FY2019 earnings at $1.07 EPS and FY2020 earnings at $1.47 EPS. The analysts noted that the move was a valuation call.

A number of other research analysts also recently commented on OAS. Seaport Global Securities reaffirmed a buy rating on shares of Oasis Petroleum in a research report on Friday, September 7th. Piper Jaffray Companies reissued a buy rating and issued a $26.00 target price on shares of Oasis Petroleum in a research report on Friday, July 20th. Jefferies Financial Group reissued a neutral rating on shares of Oasis Petroleum in a research report on Friday, July 13th. Stifel Nicolaus boosted their target price on shares of Oasis Petroleum from $10.00 to $10.50 and gave the stock a hold rating in a research report on Tuesday, August 7th. Finally, Susquehanna Bancshares downgraded shares of Oasis Petroleum from a positive rating to a neutral rating and set a $14.00 target price for the company. in a research report on Monday, July 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $14.28.

OAS traded down $0.21 on Tuesday, reaching $9.36. 11,017,831 shares of the company traded hands, compared to its average volume of 9,608,375. Oasis Petroleum has a 52-week low of $7.31 and a 52-week high of $14.57. The company has a market capitalization of $3.26 billion, a PE ratio of 468.00, a PEG ratio of 1.45 and a beta of 2.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.48 and a current ratio of 0.59.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Monday, November 5th. The energy producer reported $0.08 EPS 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 company had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $455.65 million. The firm’s revenue was up 79.4% compared to the same quarter last year. On average, equities analysts forecast that Oasis Petroleum will post 0.45 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of OAS. Pine Brook Road Advisors LP bought a new stake in shares of Oasis Petroleum during the 2nd quarter worth $111,635,000. GMT Capital Corp boosted its holdings in shares of Oasis Petroleum by 43.1% during the 2nd quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock worth $200,613,000 after buying an additional 4,655,700 shares during the period. BlueMountain Capital Management LLC boosted its holdings in shares of Oasis Petroleum by 744.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 3,903,089 shares of the energy producer’s stock worth $50,623,000 after buying an additional 3,440,937 shares during the period. Exencial Wealth Advisors LLC bought a new stake in shares of Oasis Petroleum during the 3rd quarter worth $37,459,000. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in shares of Oasis Petroleum during the 2nd quarter worth $15,503,000. 97.19% of the stock is owned by institutional investors and hedge funds.

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 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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Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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