Oasis Petroleum (NYSE:OAS) Reaches New 12-Month Low at $2.36

Oasis Petroleum Inc. (NYSE:OAS) hit a new 52-week low on Friday . The company traded as low as $2.36 and last traded at $2.38, with a volume of 39907 shares traded. The stock had previously closed at $2.48.

OAS has been the topic of a number of recent analyst reports. Raymond James downgraded Oasis Petroleum from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $7.50 to $4.00 in a research report on Thursday, August 8th. Morgan Stanley boosted their price target on Oasis Petroleum from $3.75 to $4.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. Evercore ISI set a $9.00 price target on Oasis Petroleum and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada set a $8.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Williams Capital downgraded Oasis Petroleum from a “buy” rating to a “hold” rating and lowered their price target for the stock from $7.50 to $5.00 in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. Oasis Petroleum currently has a consensus rating of “Hold” and a consensus price target of $6.44.

The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $784.00 million, a P/E ratio of 9.00 and a beta of 2.20. The firm has a 50 day moving average of $2.83 and a 200-day moving average of $3.95.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, November 5th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $482.74 million during the quarter, compared to the consensus estimate of $392.16 million. Oasis Petroleum had a net margin of 7.78% and a negative return on equity of 0.50%. The company’s quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, research analysts expect that Oasis Petroleum Inc. will post -0.13 EPS for the current year.

Several hedge funds have recently modified their holdings of OAS. Enterprise Bank & Trust Co bought a new stake in Oasis Petroleum during the third quarter worth $35,000. Virginia Retirement Systems ET AL acquired a new position in shares of Oasis Petroleum during the third quarter worth $39,000. Corient Capital Partners LLC acquired a new position in shares of Oasis Petroleum during the third quarter worth $40,000. Stifel Financial Corp acquired a new position in shares of Oasis Petroleum during the third quarter worth $40,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of Oasis Petroleum during the third quarter worth $62,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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