Oasis Petroleum Inc. (OAS) Trading Up 2.1%
Oasis Petroleum Inc. (NYSE:OAS) was up 2.1% on Thursday . The stock traded as high as $9.69 and last traded at $9.58, with a volume of 3,464,334 shares changing hands. The stock had previously closed at $9.38.
Several equities research analysts recently weighed in on OAS shares. Raymond James Financial Inc. upgraded Oasis Petroleum from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $14.00 to $17.00 in a report on Friday, August 5th. Ladenburg Thalmann upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, July 13th. Susquehanna upgraded Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $11.00 price objective for the company in a report on Monday, August 1st. Vetr cut Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 price objective for the company. in a report on Monday, June 27th. Finally, Seaport Global Securities cut Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Tuesday, June 7th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.35.
The company’s market cap is $1.72 billion. The firm’s 50-day moving average is $8.64 and its 200-day moving average is $8.38.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. During the same period in the previous year, the company posted $0.38 earnings per share. The business had revenue of $179 million for the quarter, compared to analyst estimates of $184.47 million. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. Analysts anticipate that Oasis Petroleum Inc. will post ($0.63) EPS for the current fiscal year.
In other news, Chairman Thomas B. Nusz sold 200,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the transaction, the chairman now directly owns 1,590,772 shares of the company’s stock, valued at $14,189,686.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A hedge fund recently raised its stake in Oasis Petroleum stock. Swiss National Bank raised its position in Oasis Petroleum Inc. (NYSE:OAS) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,500 shares of the company’s stock after buying an additional 1,900 shares during the period. Swiss National Bank owned approximately 0.12% of Oasis Petroleum worth $1,220,000 as of its most recent SEC filing.
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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