Oasis Petroleum (OAS) Rating Increased to C at TheStreet
Other research analysts have also recently issued research reports about the company. Deutsche Bank began coverage on Oasis Petroleum in a research report on Thursday, February 1st. They set a hold rating and a $10.00 price target on the stock. Morgan Stanley upped their price target on Oasis Petroleum from $9.00 to $11.00 and gave the company an equal weight rating in a research report on Wednesday, December 13th. Jefferies Group set a $14.00 price target on Oasis Petroleum and gave the company a buy rating in a research report on Wednesday, December 13th. Stifel Nicolaus set a $9.00 price target on Oasis Petroleum and gave the company a hold rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research raised Oasis Petroleum from a hold rating to a buy rating and set a $10.00 price target on the stock in a research report on Saturday, February 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $11.73.
Oasis Petroleum (NYSE:OAS) opened at $8.34 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. Oasis Petroleum has a 1 year low of $6.69 and a 1 year high of $15.27. The firm has a market capitalization of $2,250.00, a price-to-earnings ratio of -43.89 and a beta of 2.20.
Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Trust N.A. purchased a new stake in Oasis Petroleum during the 4th quarter worth about $108,000. Cerebellum GP LLC purchased a new stake in Oasis Petroleum during the 4th quarter worth about $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Oasis Petroleum by 103.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after purchasing an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Oasis Petroleum during the 3rd quarter worth about $142,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Oasis Petroleum during the 4th quarter worth about $151,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.
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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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