Oasis Petroleum Inc. (NYSE:OAS) was upgraded by investment analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report released on Friday, Marketbeat Ratings reports.
Other equities analysts have also issued reports about the company. BidaskClub upgraded Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Cowen and Company set a $10.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies set a $14.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Monday, October 16th. Citigroup Inc. lowered their price target on Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, July 13th. Finally, ValuEngine lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus price target of $13.26.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $255.41 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 42.0% compared to the same quarter last year.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’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 owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of OAS. Teachers Advisors LLC raised its position in shares of Oasis Petroleum by 0.4% during the 1st quarter. Teachers Advisors LLC now owns 1,622,122 shares of the energy producer’s stock valued at $23,131,000 after acquiring an additional 6,767 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Oasis Petroleum by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 19,396,245 shares of the energy producer’s stock valued at $276,591,000 after acquiring an additional 917,054 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Oasis Petroleum during the 1st quarter valued at $296,000. Schwab Charles Investment Management Inc. raised its position in shares of Oasis Petroleum by 15.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,329,946 shares of the energy producer’s stock valued at $18,966,000 after acquiring an additional 176,654 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Oasis Petroleum during the 1st quarter valued at $296,000. Institutional investors own 93.68% of the company’s stock.
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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