Oasis Petroleum Inc. (OAS) Stock Price Up 2.1%
Oasis Petroleum Inc. (NYSE:OAS) shares rose 2.1% during mid-day trading on Thursday . The company 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.
OAS has been the subject of a number of research analyst reports. Vetr raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 price target for the company in a report on Thursday, June 9th. Citigroup Inc. raised Oasis Petroleum from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a report on Thursday, June 2nd. Jefferies Group raised Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.00 to $12.00 in a report on Tuesday, May 10th. Topeka Capital Markets lifted their price target on Oasis Petroleum from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 10th. Finally, Ladenburg Thalmann raised Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Oasis Petroleum has a consensus rating of “Hold” and a consensus target price of $11.35.
The firm’s 50 day moving average price is $8.68 and its 200-day moving average price is $8.42. The firm’s market cap is $1.73 billion.
Oasis Petroleum (NYSE:OAS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business earned $179 million during the quarter, compared to the consensus estimate of $184.47 million. The company’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities analysts expect that Oasis Petroleum Inc. will post ($0.63) earnings per share for the current year.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 200,000 shares of Oasis Petroleum stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total value of $1,784,000.00. Following the completion of the sale, the chairman now directly 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 the SEC website.
An institutional investor recently raised its position in Oasis Petroleum stock. New York State Common Retirement Fund boosted its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 1.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 264,575 shares of the company’s stock after buying an additional 3,900 shares during the period. New York State Common Retirement Fund owned 0.19% of Oasis Petroleum worth $1,950,000 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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