Oasis Petroleum (NYSE:OAS) Downgraded to “Sell” at SunTrust Banks

SunTrust Banks lowered shares of Oasis Petroleum (NYSE:OAS) from a hold rating to a sell rating in a report released on Monday morning, Briefing.com Automated Import reports. SunTrust Banks also issued estimates for Oasis Petroleum’s Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at ($0.02) EPS, FY2019 earnings at ($0.02) EPS, FY2020 earnings at $0.05 EPS and FY2021 earnings at ($0.11) EPS.

A number of other equities research analysts also recently commented on the company. Ifs Securities raised SRC Energy from an outperform rating to a strong-buy rating in a research report on Tuesday, April 23rd. Williams Capital reaffirmed a buy rating and issued a $9.00 price objective on shares of Oasis Petroleum in a research report on Wednesday, May 8th. Capital One Financial downgraded Cimarex Energy from an overweight rating to an equal weight rating in a research report on Wednesday, March 20th. ValuEngine downgraded Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus set a $14.00 price target on Oasis Petroleum and gave the company a buy rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $12.38.

Shares of NYSE:OAS traded down $0.16 during midday trading on Monday, reaching $5.23. The company’s stock had a trading volume of 8,997,874 shares, compared to its average volume of 10,571,692. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.74 and a beta of 2.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.73 and a current ratio of 0.78. Oasis Petroleum has a 1 year low of $4.54 and a 1 year high of $14.57. The company’s 50 day moving average is $5.23.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Tuesday, May 7th. The energy producer reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). The business had revenue of $575.73 million during the quarter, compared to analysts’ expectations of $421.65 million. Oasis Petroleum had a negative net margin of 6.78% and a positive return on equity of 1.14%. Oasis Petroleum’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Analysts expect that Oasis Petroleum will post 0.2 EPS for the current year.

A number of hedge funds have recently bought and sold shares of OAS. PNC Financial Services Group Inc. lifted its stake in shares of Oasis Petroleum by 36.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock worth $44,000 after purchasing an additional 2,129 shares in the last quarter. Carroll Financial Associates Inc. acquired a new position in shares of Oasis Petroleum during the second quarter worth about $71,000. CWM Advisors LLC acquired a new position in shares of Oasis Petroleum during the fourth quarter worth about $89,000. LPL Financial LLC lifted its stake in shares of Oasis Petroleum by 60.7% during the fourth quarter. LPL Financial LLC now owns 16,389 shares of the energy producer’s stock worth $91,000 after purchasing an additional 6,191 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Oasis Petroleum during the first quarter worth about $91,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

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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