Oasis Petroleum (OAS) Downgraded to Strong Sell at ValuEngine

ValuEngine lowered shares of Oasis Petroleum (NYSE:OAS) from a sell rating to a strong sell rating in a report issued on Saturday morning.

A number of other research firms have also recently weighed in on OAS. Wolfe Research raised Oasis Petroleum from a market perform rating to an outperform rating in a report on Wednesday, October 17th. Oppenheimer started coverage on Oasis Petroleum in a report on Wednesday, October 3rd. They set a market perform rating on the stock. Cowen started coverage on Oasis Petroleum in a report on Thursday, November 29th. They set a market perform rating on the stock. KLR Group reaffirmed a buy rating and set a $18.00 price target on shares of Oasis Petroleum in a report on Monday, August 20th. Finally, Stifel Nicolaus lifted their price target on Oasis Petroleum from $10.00 to $10.50 and gave the company a hold rating in a report on Tuesday, August 7th. One equities 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. The company currently has an average rating of Buy and a consensus target price of $14.50.

OAS opened at $7.40 on Friday. The company has a market cap of $2.27 billion, a PE ratio of 370.00, a price-to-earnings-growth ratio of 1.16 and a beta of 2.24. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.72. Oasis Petroleum has a twelve month low of $7.01 and a twelve month high of $14.57.

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

In related news, insider Taylor L. Reid sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $8.04, for a total transaction of $241,200.00. Following the sale, the insider now owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in OAS. Pine Brook Road Advisors LP bought a new stake in Oasis Petroleum during the second quarter worth approximately $111,635,000. GMT Capital Corp grew its position in Oasis Petroleum by 43.1% in the second quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock worth $200,613,000 after buying an additional 4,655,700 shares during the last quarter. BlueMountain Capital Management LLC grew its position in Oasis Petroleum by 744.5% in the second quarter. BlueMountain Capital Management LLC now owns 3,903,089 shares of the energy producer’s stock worth $50,623,000 after buying an additional 3,440,937 shares during the last quarter. Exencial Wealth Advisors LLC acquired a new position in Oasis Petroleum in the third quarter worth approximately $37,459,000. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in Oasis Petroleum in the second quarter worth approximately $15,503,000.

About Oasis Petroleum

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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Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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