Morgan Stanley Raises Oasis Petroleum (OAS) Price Target to $11.00

Oasis Petroleum (NYSE:OAS) had its price objective raised by Morgan Stanley from $10.00 to $11.00 in a research note released on Friday. Morgan Stanley currently has an equal weight rating on the energy producer’s stock.

Several other analysts have also issued reports on the company. Seaport Global Securities upgraded Oasis Petroleum from a neutral rating to a buy rating in a research note on Tuesday, April 3rd. JPMorgan Chase initiated coverage on Oasis Petroleum in a research note on Wednesday, April 18th. They issued an overweight rating and a $16.00 target price on the stock. Credit Suisse Group initiated coverage on Oasis Petroleum in a research note on Thursday, February 8th. They issued an outperform rating and a $11.00 target price on the stock. Bank of America lowered Oasis Petroleum from a neutral rating to an underperform rating and set a $9.00 target price on the stock. in a research note on Thursday, March 8th. Finally, Jefferies Group set a $13.00 target price on Oasis Petroleum and gave the company a buy rating in a research note on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $11.43.

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Shares of OAS opened at $10.16 on Friday. The firm has a market capitalization of $3,226.78, a price-to-earnings ratio of 508.00 and a beta of 2.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.62 and a current ratio of 0.65. Oasis Petroleum has a 1 year low of $6.69 and a 1 year high of $12.78.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Tuesday, February 27th. The energy producer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The firm had revenue of $404.47 million for the quarter, compared to analyst estimates of $328.78 million. Oasis Petroleum had a return on equity of 0.16% and a net margin of 9.92%. research analysts anticipate that Oasis Petroleum will post 0.24 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors grew its position in Oasis Petroleum by 3.9% during the third quarter. Nationwide Fund Advisors now owns 174,118 shares of the energy producer’s stock worth $1,588,000 after buying an additional 6,563 shares in the last quarter. California Public Employees Retirement System grew its position in Oasis Petroleum by 1.3% during the third quarter. California Public Employees Retirement System now owns 551,500 shares of the energy producer’s stock worth $5,030,000 after buying an additional 6,900 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in Oasis Petroleum by 39.7% during the third quarter. Cubist Systematic Strategies LLC now owns 33,983 shares of the energy producer’s stock worth $310,000 after buying an additional 9,661 shares in the last quarter. CoreCommodity Management LLC grew its position in Oasis Petroleum by 8.0% during the fourth quarter. CoreCommodity Management LLC now owns 150,061 shares of the energy producer’s stock worth $1,262,000 after buying an additional 11,169 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new position in Oasis Petroleum during the fourth quarter worth about $108,000. Institutional investors and hedge funds own 89.17% of the company’s stock.

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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.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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