Oasis Petroleum (OAS) Given a $14.00 Price Target by Jefferies Group Analysts
Oasis Petroleum (NYSE:OAS) received a $14.00 price objective from stock analysts at Jefferies Group in a report issued on Wednesday. The brokerage currently has a “buy” rating on the energy producer’s stock. Jefferies Group’s price objective indicates a potential upside of 74.78% from the company’s previous close. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.10) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.03) EPS, Q3 2019 earnings at $0.10 EPS and FY2019 earnings at $0.36 EPS.
Several other research analysts have also commented on OAS. Macquarie lowered shares of Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Thursday. Mizuho reaffirmed a “hold” rating and set a $10.00 price objective on shares of Oasis Petroleum in a research note on Friday, September 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of Oasis Petroleum in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of Oasis Petroleum from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Williams Capital set a $13.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. Oasis Petroleum has an average rating of “Hold” and an average target price of $12.50.
Oasis Petroleum (NYSE:OAS) opened at $8.01 on Wednesday. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $16.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The firm had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. During the same period last year, the firm posted ($0.19) earnings per share. Oasis Petroleum’s revenue for the quarter was up 71.9% compared to the same quarter last year. sell-side analysts forecast that Oasis Petroleum will post -0.09 EPS for the current fiscal year.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the sale, the vice president now directly owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Federated Investors Inc. PA bought a new stake in shares of Oasis Petroleum in the second quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oasis Petroleum by 103.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after acquiring an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Oasis Petroleum in the third quarter valued at about $142,000. Teacher Retirement System of Texas raised its holdings in shares of Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Oasis Petroleum by 14.1% in the second quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after acquiring an additional 2,400 shares in the last quarter. 93.94% of the stock is owned by hedge funds and other institutional investors.
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Oasis Petroleum Company Profile
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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