Oasis Petroleum (OAS) Rating Increased to Buy at Jefferies Financial Group
Jefferies Financial Group upgraded shares of Oasis Petroleum (NYSE:OAS) from a hold rating to a buy rating in a research note published on Monday, Marketbeat Ratings reports. Jefferies Financial Group currently has $15.00 price target on the energy producer’s stock. Jefferies Financial Group also issued estimates for Oasis Petroleum’s Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.26 EPS, FY2019 earnings at $1.10 EPS, Q1 2020 earnings at $0.28 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.29 EPS and FY2020 earnings at $1.17 EPS.
A number of other equities research analysts also recently issued reports on OAS. Seaport Global Securities reiterated a buy rating on shares of Oasis Petroleum in a research report on Friday, September 7th. Zacks Investment Research upgraded Oasis Petroleum from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research report on Friday, October 12th. Piper Jaffray Companies reiterated a buy rating and issued a $26.00 price objective on shares of Oasis Petroleum in a research report on Friday, July 20th. Stifel Nicolaus increased their price objective on Oasis Petroleum from $10.00 to $10.50 and gave the stock a hold rating in a research report on Tuesday, June 26th. Finally, Williams Capital reiterated a buy rating and issued a $18.00 price objective on shares of Oasis Petroleum in a research report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $14.41.
Shares of OAS stock opened at $12.47 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a 52-week low of $7.31 and a 52-week high of $14.57. The firm has a market capitalization of $4.51 billion, a P/E ratio of 623.50, a price-to-earnings-growth ratio of 2.06 and a beta of 2.03.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GMT Capital Corp raised its position in Oasis Petroleum by 43.1% during the second quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock valued at $200,613,000 after purchasing an additional 4,655,700 shares in the last quarter. Pine Brook Road Advisors LP purchased a new position in shares of Oasis Petroleum in the second quarter worth about $111,635,000. Northern Trust Corp increased its holdings in shares of Oasis Petroleum by 22.8% in the second quarter. Northern Trust Corp now owns 5,238,348 shares of the energy producer’s stock worth $67,941,000 after buying an additional 974,014 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Oasis Petroleum by 33.5% in the second quarter. Bank of New York Mellon Corp now owns 4,422,534 shares of the energy producer’s stock worth $57,362,000 after buying an additional 1,110,344 shares during the period. Finally, BlueMountain Capital Management LLC increased its holdings in shares of Oasis Petroleum by 744.5% in the second quarter. BlueMountain Capital Management LLC now owns 3,903,089 shares of the energy producer’s stock worth $50,623,000 after buying an additional 3,440,937 shares during the period. Institutional investors and hedge funds own 97.19% of the company’s stock.
About Oasis Petroleum
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
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