Oasis Petroleum Inc. (NYSE:OAS) gapped down prior to trading on Monday . The stock had previously closed at $7.67, but opened at $7.49. Oasis Petroleum shares last traded at $7.55, with a volume of 4214942 shares changing hands.
A number of equities research analysts have recently issued reports on the stock. TheStreet cut shares of Oasis Petroleum from a “c” rating to a “d+” rating in a research note on Monday, November 19th. Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, October 12th. Morgan Stanley upped their price objective on shares of Oasis Petroleum from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. UBS Group raised shares of Oasis Petroleum from a “neutral” rating to a “positive” rating in a research note on Thursday, November 15th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Oasis Petroleum in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. Oasis Petroleum currently has an average rating of “Buy” and an average price target of $14.50.
The stock has a market cap of $2.38 billion, a P/E ratio of 380.00, a PEG ratio of 1.21 and a beta of 2.22. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.72.
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 Thomson Reuters’ 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 firm had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $455.65 million. Oasis Petroleum’s revenue for the quarter was up 79.4% on a year-over-year basis. On average, analysts anticipate that Oasis Petroleum Inc. will post 0.41 EPS for the current year.
In related news, insider Taylor L. Reid sold 30,000 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $8.04, for a total transaction of $241,200.00. Following the sale, the insider now directly owns 1,216,576 shares of the company’s stock, valued at approximately $9,781,271.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc purchased a new stake in shares of Oasis Petroleum during the 2nd quarter valued at about $150,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Oasis Petroleum during the 3rd quarter valued at about $157,000. World Asset Management Inc purchased a new stake in shares of Oasis Petroleum during the 2nd quarter valued at about $171,000. Advisors Preferred LLC purchased a new stake in shares of Oasis Petroleum during the 2nd quarter valued at about $176,000. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Oasis Petroleum during the 2nd quarter valued at about $207,000.
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Oasis Petroleum Company Profile (NYSE:OAS)
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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