Oasis Petroleum Inc. (NYSE:OAS) has received an average rating of “Hold” from the twenty-one ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $5.81.
OAS has been the topic of several recent research reports. Wells Fargo & Co decreased their price objective on shares of Oasis Petroleum from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Friday, September 20th. Johnson Rice lowered shares of Oasis Petroleum from a “buy” rating to an “accumulate” rating in a research report on Tuesday, November 19th. ValuEngine upgraded shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley boosted their price objective on shares of Oasis Petroleum from $3.75 to $4.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. Finally, Wolfe Research lowered shares of Oasis Petroleum from a “peer perform” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a research report on Tuesday, October 15th.
Several institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp acquired a new position in Oasis Petroleum in the 3rd quarter valued at about $40,000. Public Employees Retirement System of Ohio raised its stake in Oasis Petroleum by 42.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 31,367 shares of the energy producer’s stock valued at $109,000 after purchasing an additional 9,273 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in Oasis Petroleum by 14.1% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 178,763 shares of the energy producer’s stock valued at $619,000 after purchasing an additional 22,058 shares during the last quarter. California State Teachers Retirement System raised its stake in Oasis Petroleum by 1.7% in the 3rd quarter. California State Teachers Retirement System now owns 500,081 shares of the energy producer’s stock valued at $1,730,000 after purchasing an additional 8,333 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Oasis Petroleum by 7.1% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 82,599 shares of the energy producer’s stock valued at $286,000 after purchasing an additional 5,451 shares during the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.
Shares of NYSE OAS traded down $0.07 during trading on Friday, hitting $2.97. 8,616,199 shares of the company were exchanged, compared to its average volume of 11,158,184. The company has a market cap of $986.43 million, a price-to-earnings ratio of 11.42 and a beta of 2.25. Oasis Petroleum has a 1 year low of $2.21 and a 1 year high of $7.15. The firm’s fifty day moving average price is $2.96 and its 200 day moving average price is $3.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.83 and a quick ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last issued its earnings results on Tuesday, November 5th. The energy producer reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $482.74 million for the quarter, compared to analysts’ expectations of $392.16 million. Oasis Petroleum had a negative return on equity of 0.50% and a net margin of 7.78%. Oasis Petroleum’s revenue for the quarter was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, research analysts forecast that Oasis Petroleum will post -0.13 earnings per share for the current 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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