Oasis Petroleum Inc. (NYSE:OAS) Receives $9.82 Consensus PT from Brokerages

Shares of Oasis Petroleum Inc. (NYSE:OAS) have been assigned an average recommendation of “Hold” from the twenty-seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.46.

OAS has been the subject of several research analyst reports. Ifs Securities downgraded shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $8.00 to $7.00 in a research report on Tuesday, April 23rd. Williams Capital downgraded shares of Oasis Petroleum from a “buy” rating to a “hold” rating and lowered their price objective for the company from $7.50 to $5.00 in a research report on Wednesday, August 7th. Stifel Nicolaus set a $14.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Wednesday, June 19th. Raymond James downgraded shares of Oasis Petroleum from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $7.50 to $4.00 in a research report on Thursday, August 8th. Finally, Evercore ISI set a $9.00 price objective on shares of Oasis Petroleum and gave the company a “hold” rating in a research report on Wednesday, August 7th.

In related news, Director John E. Hagale purchased 30,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $2.85 per share, for a total transaction of $85,500.00. Following the completion of the acquisition, the director now owns 120,480 shares of the company’s stock, valued at $343,368. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Taylor L. Reid purchased 45,060 shares of the stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $2.76 per share, with a total value of $124,365.60. Following the completion of the acquisition, the chief operating officer now directly owns 1,462,819 shares of the company’s stock, valued at approximately $4,037,380.44. The disclosure for this purchase can be found here. Insiders have bought 105,060 shares of company stock valued at $292,666 over the last quarter. Company insiders own 1.70% of the company’s stock.

Several large investors have recently made changes to their positions in OAS. Carroll Financial Associates Inc. bought a new stake in shares of Oasis Petroleum in the second quarter worth $71,000. Magnus Financial Group LLC bought a new stake in shares of Oasis Petroleum in the second quarter worth $82,000. Raymond James Trust N.A. bought a new stake in shares of Oasis Petroleum in the second quarter worth $89,000. Virtu Financial LLC bought a new stake in shares of Oasis Petroleum in the first quarter worth $91,000. Finally, Piedmont Investment Advisors Inc. grew its stake in shares of Oasis Petroleum by 28.5% in the first quarter. Piedmont Investment Advisors Inc. now owns 15,252 shares of the energy producer’s stock worth $92,000 after purchasing an additional 3,386 shares during the last quarter. Institutional investors own 92.10% of the company’s stock.

Shares of NYSE OAS traded up $0.14 during midday trading on Tuesday, reaching $3.04. The company’s stock had a trading volume of 12,237,400 shares, compared to its average volume of 13,073,377. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.79 and a current ratio of 0.84. Oasis Petroleum has a fifty-two week low of $2.41 and a fifty-two week high of $14.57. The business’s 50 day moving average price is $4.44 and its two-hundred day moving average price is $5.42. The company has a market cap of $933.43 million, a P/E ratio of 11.69, a P/E/G ratio of 3.09 and a beta of 2.04.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Tuesday, August 6th. The energy producer reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Oasis Petroleum had a net margin of 9.43% and a return on equity of 0.59%. The business had revenue of $529.41 million during the quarter, compared to the consensus estimate of $406.63 million. During the same period in the previous year, the business earned $0.10 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. Sell-side analysts forecast that Oasis Petroleum will post 0.06 earnings per share for the current fiscal year.

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 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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