Oasis Petroleum (OAS) Raised to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Oasis Petroleum (NYSE:OAS) from a hold rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has $14.00 price target on the energy producer’s stock, up from their previous price target of $10.50.

A number of other equities analysts also recently commented on the company. BMO Capital Markets downgraded Oasis Petroleum from an outperform rating to a market perform rating in a report on Monday. Capital One Financial downgraded Oasis Petroleum from an overweight rating to an underweight rating in a report on Thursday, December 20th. Credit Suisse Group downgraded Oasis Petroleum from an outperform rating to a neutral rating in a report on Wednesday, December 19th. Williams Capital set a $11.00 price target on Oasis Petroleum and gave the company a buy rating in a report on Wednesday, December 12th. Finally, JPMorgan Chase & Co. set a $9.00 price target on Oasis Petroleum and gave the company a buy rating in a report on Friday, December 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $13.95.

Shares of OAS traded down $0.27 during trading hours on Tuesday, reaching $6.32. The company’s stock had a trading volume of 341,348 shares, compared to its average volume of 11,187,666. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 317.75, a P/E/G ratio of 0.65 and a beta of 2.21. Oasis Petroleum has a 1-year low of $4.74 and a 1-year high of $14.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share 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 during the quarter, compared to analyst estimates of $455.65 million. The company’s revenue for the quarter was up 79.4% on a year-over-year basis. Equities research analysts expect that Oasis Petroleum will post 0.38 earnings per share for the current fiscal year.

In related news, insider Taylor L. Reid sold 30,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $8.04, for a total value of $241,200.00. Following the completion of the transaction, the insider now directly owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama increased its stake in shares of Oasis Petroleum by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 346,804 shares of the energy producer’s stock valued at $1,918,000 after buying an additional 1,606 shares in the last quarter. Legal & General Group Plc increased its position in Oasis Petroleum by 1.0% in the third quarter. Legal & General Group Plc now owns 398,446 shares of the energy producer’s stock worth $5,650,000 after purchasing an additional 3,935 shares during the period. Ashburton Jersey Ltd increased its position in Oasis Petroleum by 4.9% in the third quarter. Ashburton Jersey Ltd now owns 118,700 shares of the energy producer’s stock worth $1,683,000 after purchasing an additional 5,520 shares during the period. Russell Investments Group Ltd. increased its position in Oasis Petroleum by 28.8% in the second quarter. Russell Investments Group Ltd. now owns 25,567 shares of the energy producer’s stock worth $334,000 after purchasing an additional 5,719 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Oasis Petroleum by 32.9% in the second quarter. Tower Research Capital LLC TRC now owns 23,405 shares of the energy producer’s stock worth $303,000 after purchasing an additional 5,794 shares during the period. Hedge funds and other institutional investors own 97.42% of the company’s stock.

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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