Oasis Petroleum (NYSE:OAS) had its price target cut by equities research analysts at Morgan Stanley from $6.00 to $5.50 in a note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the energy producer’s stock. Morgan Stanley’s price objective would indicate a potential upside of 3.77% from the company’s previous close.

OAS has been the subject of a number of other research reports. Ifs Securities upgraded SRC Energy from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, April 23rd. Capital One Financial cut Cimarex Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 20th. Williams Capital reissued a “buy” rating and set a $9.00 price objective on shares of Oasis Petroleum in a report on Wednesday, May 8th. SunTrust Banks cut SUNDANCE ENERGY/S to a “hold” rating in a report on Monday, July 8th. Finally, ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $12.17.

Shares of OAS opened at $5.30 on Friday. The company has a market cap of $1.68 billion, a P/E ratio of 20.38, a PEG ratio of 1.87 and a beta of 2.04. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $5.23. Oasis Petroleum has a 12-month low of $4.54 and a 12-month high of $14.57.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, May 7th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). The business had revenue of $575.73 million for the quarter, compared to the consensus estimate of $421.65 million. Oasis Petroleum had a negative net margin of 6.78% and a positive return on equity of 1.14%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. On average, equities research analysts expect that Oasis Petroleum will post 0.19 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of Oasis Petroleum by 36.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock worth $44,000 after buying an additional 2,129 shares during the last quarter. Carroll Financial Associates Inc. bought a new stake in shares of Oasis Petroleum in the 2nd quarter worth approximately $71,000. CWM Advisors LLC bought a new stake in shares of Oasis Petroleum in the 4th quarter worth approximately $89,000. LPL Financial LLC grew its position in shares of Oasis Petroleum by 60.7% in the 4th quarter. LPL Financial LLC now owns 16,389 shares of the energy producer’s stock worth $91,000 after buying an additional 6,191 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Oasis Petroleum in the 1st quarter worth approximately $91,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Oasis Petroleum Company Profile

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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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