Oasis Petroleum Inc. (OAS) Receives $14.34 Consensus Price Target from Analysts

Shares of Oasis Petroleum Inc. (NYSE:OAS) have been assigned a consensus recommendation of “Buy” from the twenty-nine ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $14.34.

OAS has been the topic of a number of research reports. Oppenheimer initiated coverage on Oasis Petroleum in a report on Wednesday, October 3rd. They issued a “market perform” rating on the stock. Wolfe Research raised Oasis Petroleum from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. KLR Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Oasis Petroleum in a research report on Monday, August 20th. Stifel Nicolaus lifted their target price on Oasis Petroleum from $10.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, August 7th. Finally, Williams Capital set a $17.00 target price on Oasis Petroleum and gave the company a “buy” rating in a research report on Tuesday, November 6th.

Shares of NYSE:OAS opened at $8.32 on Friday. Oasis Petroleum has a 1 year low of $7.31 and a 1 year high of $14.57. The company has a market cap of $2.79 billion, a PE ratio of 416.00, a price-to-earnings-growth ratio of 1.31 and a beta of 2.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.55 and a current ratio of 0.59.

Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $455.65 million. The company’s revenue for the quarter was up 79.4% on a year-over-year basis. Sell-side analysts expect that Oasis Petroleum will post 0.45 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC purchased a new stake in Oasis Petroleum during the second quarter worth approximately $734,000. Oakbrook Investments LLC purchased a new stake in Oasis Petroleum during the second quarter worth approximately $131,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Oasis Petroleum during the third quarter worth approximately $157,000. CIBC Asset Management Inc purchased a new stake in Oasis Petroleum during the second quarter worth approximately $150,000. Finally, World Asset Management Inc purchased a new stake in Oasis Petroleum during the second quarter worth approximately $171,000. Hedge funds and other institutional investors own 97.77% 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 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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