Oasis Petroleum Inc. (OAS) Trading Down 3.5%
Oasis Petroleum Inc. (NYSE:OAS)’s share price traded down 3.5% during trading on Wednesday . The company traded as low as $9.29 and last traded at $9.39, with a volume of 6,322,836 shares traded. The stock had previously closed at $9.73.
A number of equities analysts recently commented on the stock. Wunderlich lifted their target price on shares of Oasis Petroleum from $4.00 to $8.00 and gave the stock a “hold” rating in a research report on Wednesday, May 11th. Jefferies Group raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and raised their price target for the stock from $9.00 to $12.00 in a report on Tuesday, May 10th. Vetr raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 price target on the stock in a report on Thursday, June 2nd. Citigroup Inc. raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and raised their price target for the stock from $12.00 to $13.00 in a report on Thursday, June 2nd. Finally, Susquehanna raised shares of Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $11.00 price target on the stock in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Hold” and an average target price of $11.47.
The firm has a 50-day moving average price of $8.75 and a 200-day moving average price of $8.56. The stock’s market capitalization is $1.71 billion.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. During the same quarter in the prior year, the business posted $0.38 earnings per share. The firm earned $179 million during the quarter, compared to the consensus estimate of $184.47 million. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. Equities research analysts anticipate that Oasis Petroleum Inc. will post ($0.62) EPS for the current year.
In other news, Chairman Thomas B. Nusz sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $8.92, for a total value of $1,784,000.00. Following the sale, the chairman now directly owns 1,590,772 shares in the company, valued at approximately $14,189,686.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in Oasis Petroleum stock. Ameriprise Financial Inc. boosted its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 59.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 188,938 shares of the company’s stock after buying an additional 70,644 shares during the period. Ameriprise Financial Inc. owned 0.14% of Oasis Petroleum worth $1,393,000 as of its most recent filing with the SEC.
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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