Oasis Petroleum (OAS) Shares Gap Down to $7.14

Oasis Petroleum Inc. (NYSE:OAS) gapped down prior to trading on Monday . The stock had previously closed at $6.95, but opened at $7.14. Oasis Petroleum shares last traded at $7.57, with a volume of 8968906 shares traded.

A number of research analysts have weighed in on OAS shares. Seaport Global Securities reiterated a “buy” rating on shares of Oasis Petroleum in a research report on Friday, September 7th. KLR Group reiterated a “buy” rating and set a $18.00 price objective on shares of Oasis Petroleum in a research report on Monday, August 20th. SunTrust Banks set a $12.00 price objective on shares of Oasis Petroleum and gave the company a “sell” rating in a research report on Wednesday, August 8th. Stifel Nicolaus boosted their price objective on shares of Oasis Petroleum from $10.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, August 7th. Finally, Oppenheimer started coverage on shares of Oasis Petroleum in a research report on Wednesday, October 3rd. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company. Oasis Petroleum has an average rating of “Buy” and an average price target of $14.50.

The company has a market cap of $2.27 billion, a PE ratio of 385.25, a price-to-earnings-growth ratio of 1.16 and a beta of 2.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.55 and a current ratio of 0.59.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The company had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $455.65 million. Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. Oasis Petroleum’s quarterly revenue was up 79.4% compared to the same quarter last year. As a group, analysts anticipate that Oasis Petroleum Inc. will post 0.41 EPS for the current fiscal year.

In other news, insider Taylor L. Reid sold 30,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $8.04, for a total transaction of $241,200.00. Following the completion of the sale, the insider now directly owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc purchased a new stake in shares of Oasis Petroleum during the second quarter valued at $150,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Oasis Petroleum in the third quarter worth about $157,000. Advisors Preferred LLC purchased a new stake in Oasis Petroleum in the second quarter worth about $176,000. Emerald Advisers Inc. PA purchased a new stake in Oasis Petroleum in the second quarter worth about $207,000. Finally, Gideon Capital Advisors Inc. purchased a new stake in Oasis Petroleum in the second quarter worth about $238,000.

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Oasis Petroleum Company Profile (NYSE:OAS)

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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