Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Oasis Petroleum (OAS) Stock Price
Headlines about Oasis Petroleum (NYSE:OAS) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oasis Petroleum earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the energy producer an impact score of 45.8772986444848 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- Oasis Midstream Partners LP Prices IPO – Oil and Gas Investor (registration) (oilandgasinvestor.com)
- Oasis Midstream Partners LP Prices Initial Public Offering (finance.yahoo.com)
- Houston-based E&P company’s new midstream MLP prices IPO below expected range (finance.yahoo.com)
- Interesting OAS Put And Call Options For May 2018 – Nasdaq (nasdaq.com)
- The Zacks Analyst Blog Highlights: BP, SeaDrill, Resolute Energy and Oasis Petroleum (finance.yahoo.com)
A number of equities analysts recently issued reports on the company. UBS AG raised Oasis Petroleum from a “neutral” rating to a “buy” rating and lowered their price target for the company from $14.00 to $13.00 in a report on Thursday, June 8th. ValuEngine cut Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Sunday, August 13th. Royal Bank Of Canada set a $19.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, June 8th. Finally, BidaskClub cut Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company. Oasis Petroleum has a consensus rating of “Hold” and an average target price of $14.48.
Shares of Oasis Petroleum (OAS) traded down 1.26% on Friday, reaching $8.62. The company’s stock had a trading volume of 4,498,463 shares. The company has a 50 day moving average price of $7.58 and a 200 day moving average price of $9.96. Oasis Petroleum has a 52-week low of $6.69 and a 52-week high of $17.08. The company’s market cap is $2.05 billion.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The firm had revenue of $254.10 million for the quarter, compared to the consensus estimate of $255.41 million. During the same quarter last year, the business posted ($0.11) EPS. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, analysts anticipate that Oasis Petroleum will post ($0.14) earnings per share for the current fiscal year.
In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the sale, the insider now owns 1,175,727 shares of the company’s stock, valued at approximately $9,194,185.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.
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About Oasis Petroleum
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, Well Services, and Midstream Services.
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