Oasis Petroleum (OAS) Price Target Increased to $11.00 by Analysts at Morgan Stanley

Oasis Petroleum (NYSE:OAS) had its target price upped by Morgan Stanley from $9.00 to $11.00 in a report released on Wednesday. The brokerage currently has an equal weight rating on the energy producer’s stock.

A number of other brokerages also recently issued reports on OAS. Stifel Nicolaus reaffirmed a hold rating and issued a $10.00 target price (down from $10.50) on shares of Oasis Petroleum in a research note on Monday, September 25th. Piper Jaffray Companies reaffirmed an overweight rating on shares of Oasis Petroleum in a research note on Tuesday, October 17th. Royal Bank of Canada reaffirmed an outperform rating and issued a $13.00 target price (up from $12.00) on shares of Oasis Petroleum in a research note on Thursday, November 9th. Jefferies Group reaffirmed a buy rating and issued a $13.00 target price on shares of Oasis Petroleum in a research note on Tuesday, October 3rd. Finally, Mizuho set a $11.00 target price on Oasis Petroleum and gave the stock a hold rating in a research note on Saturday, November 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $12.55.

Oasis Petroleum (OAS) opened at $7.84 on Wednesday. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $16.73. 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 (NYSE:OAS) last posted its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. During the same period in the prior year, the company earned ($0.19) EPS. The firm’s revenue was up 71.9% compared to the same quarter last year. analysts anticipate that Oasis Petroleum will post -0.07 EPS for the current fiscal year.

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the transaction, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Amalgamated Bank boosted its holdings in Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock valued at $238,000 after acquiring an additional 323 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock valued at $166,000 after acquiring an additional 1,089 shares during the period. Teacher Retirement System of Texas boosted its holdings in Oasis Petroleum by 6.3% during 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 during the period. Bellwether Investment Group LLC boosted its holdings in Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after acquiring an additional 1,463 shares during the period. Finally, Energy Opportunities Capital Management LLC boosted its holdings in Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock valued at $610,000 after acquiring an additional 2,062 shares during the period. Institutional investors own 93.94% of the company’s stock.

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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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