Oasis Petroleum Inc. (OAS) Trading Up 4.7%
Oasis Petroleum Inc. (NYSE:OAS)’s share price was up 4.7% on Friday . The company traded as high as $10.04 and last traded at $9.94, with a volume of 5,653,821 shares changing hands. The stock had previously closed at $9.49.
A number of equities analysts have recently weighed in on OAS shares. Topeka Capital Markets boosted their price objective on shares of Oasis Petroleum from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, May 10th. Jefferies Group raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $12.00 in a research report on Tuesday, May 10th. Canaccord Genuity reissued a “hold” rating on shares of Oasis Petroleum in a research report on Tuesday, May 10th. Wunderlich boosted their price objective on shares of Oasis Petroleum from $4.00 to $8.00 and gave the company a “hold” rating in a research report on Wednesday, May 11th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $12.00 price objective (up previously from $9.00) on shares of Oasis Petroleum in a research report on Tuesday, May 17th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. Oasis Petroleum presently has an average rating of “Hold” and an average target price of $11.47.
The firm has a 50 day moving average price of $8.81 and a 200-day moving average price of $8.57. The stock’s market cap is $1.80 billion.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.04. During the same quarter in the previous year, the business posted $0.38 EPS. The company earned $179 million during the quarter, compared to analyst estimates of $184.47 million. The company’s revenue was down 22.2% on a year-over-year basis. Equities analysts expect that Oasis Petroleum Inc. will post ($0.62) earnings per share for the current year.
In other news, Chairman Thomas B. Nusz sold 200,000 shares of the firm’s stock in a transaction on 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 owns 1,590,772 shares in the company, valued at $14,189,686.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
A hedge fund recently raised its stake in Oasis Petroleum stock. Ameriprise Financial Inc. boosted its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 59.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,938 shares of the company’s stock after buying an additional 70,644 shares during the period. Ameriprise Financial Inc. owned about 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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