Jefferies Group set a $12.00 price target on Oasis Petroleum (NYSE:OAS) in a research report released on Monday. The brokerage currently has a buy rating on the energy producer’s stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.35 EPS.
Several other analysts have also recently weighed in on the stock. Guggenheim cut shares of Oasis Petroleum from a buy rating to a neutral rating in a research note on Wednesday, December 13th. Credit Suisse Group initiated coverage on shares of Oasis Petroleum in a research note on Thursday, February 8th. They issued an outperform rating and a $11.00 price objective on the stock. Royal Bank of Canada reissued a buy rating and issued a $14.00 price objective on shares of Oasis Petroleum in a research note on Wednesday, December 13th. SunTrust Banks lowered shares of Oasis Petroleum from a buy rating to a hold rating and set a $11.00 target price on the stock. in a report on Tuesday, December 12th. Finally, Raymond James Financial set a $14.00 target price on shares of Oasis Petroleum and gave the company a buy rating in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company’s stock. Oasis Petroleum presently has a consensus rating of Hold and an average target price of $11.09.
Shares of Oasis Petroleum stock opened at $8.58 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.60. Oasis Petroleum has a one year low of $6.69 and a one year high of $15.27. The firm has a market cap of $2,512.18, a price-to-earnings ratio of 16.82 and a beta of 2.20.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Tuesday, February 27th. The energy producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. Oasis Petroleum had a net margin of 9.92% and a return on equity of 0.16%. The company had revenue of $404.47 million for the quarter, compared to analysts’ expectations of $328.78 million. analysts forecast that Oasis Petroleum will post 0.22 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in OAS. Nationwide Fund Advisors raised its holdings in shares of Oasis Petroleum by 3.9% during the third quarter. Nationwide Fund Advisors now owns 174,118 shares of the energy producer’s stock valued at $1,588,000 after purchasing an additional 6,563 shares during the period. Sei Investments Co. raised its holdings in shares of Oasis Petroleum by 16,797.3% during the third quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock valued at $174,000 after purchasing an additional 18,981 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Oasis Petroleum by 9.3% during the third quarter. New York State Common Retirement Fund now owns 789,372 shares of the energy producer’s stock valued at $7,199,000 after purchasing an additional 67,248 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Oasis Petroleum during the third quarter valued at about $142,000. Finally, Rhumbline Advisers raised its holdings in shares of Oasis Petroleum by 2.7% during the third quarter. Rhumbline Advisers now owns 366,534 shares of the energy producer’s stock valued at $3,343,000 after purchasing an additional 9,515 shares during the period. Hedge funds and other institutional investors own 89.13% 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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