Williams Capital Analysts Give Oasis Petroleum (OAS) a $13.00 Price Target

Williams Capital set a $13.00 price target on Oasis Petroleum (NYSE:OAS) in a research note published on Tuesday. The firm currently has a buy rating on the energy producer’s stock.

OAS has been the topic of a number of other research reports. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the company a buy rating in a report on Tuesday, October 24th. Jefferies Group set a $13.00 price objective on Oasis Petroleum and gave the company a buy rating in a report on Tuesday, August 29th. Evercore ISI upgraded Oasis Petroleum from an in-line rating to an outperform rating in a report on Friday, November 3rd. Morgan Stanley decreased their price objective on Oasis Petroleum from $10.00 to $9.00 and set an equal weight rating on the stock in a report on Wednesday, October 18th. Finally, KeyCorp restated an overweight rating on shares of Oasis Petroleum in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $12.55.

Shares of Oasis Petroleum (OAS) traded down $0.09 during mid-day trading on Tuesday, reaching $8.01. The company’s stock had a trading volume of 19,927,700 shares, compared to its average volume of 9,140,693. 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 has a 12 month low of $6.69 and a 12 month high of $16.73.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data 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. The company had revenue of $304.70 million for the quarter, compared to analyst estimates of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm’s revenue for the quarter was up 71.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) EPS. sell-side analysts expect that Oasis Petroleum will post -0.09 EPS for the current year.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the sale, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA acquired a new position in Oasis Petroleum in the 2nd quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Oasis Petroleum by 103.7% in the 3rd 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. acquired a new position in Oasis Petroleum in the 3rd quarter valued at about $142,000. Teacher Retirement System of Texas grew its position in Oasis Petroleum by 6.3% in the 2nd 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, Sei Investments Co. grew its position in Oasis Petroleum by 16,797.3% in the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock valued at $174,000 after acquiring an additional 18,981 shares in the last quarter. 93.94% of the stock is owned by institutional investors.

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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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