JPMorgan Chase & Co. Analysts Give Oasis Petroleum (OAS) a $9.00 Price Target

Oasis Petroleum (NYSE:OAS) has been assigned a $9.00 price target by research analysts at JPMorgan Chase & Co. in a research report issued on Friday. The brokerage presently has a “buy” rating on the energy producer’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 26.40% from the stock’s previous close.

Several other research firms have also issued reports on OAS. Oppenheimer initiated coverage on Oasis Petroleum in a research report on Wednesday, October 3rd. They set a “market perform” rating on the stock. Wolfe Research upgraded Oasis Petroleum from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. Cowen initiated coverage on Oasis Petroleum in a research report on Thursday, November 29th. They set a “market perform” rating on the stock. KLR Group restated a “buy” rating and set a $18.00 price target on shares of Oasis Petroleum in a research report on Monday, August 20th. Finally, Williams Capital set a $17.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $13.93.

OAS traded up $0.26 on Friday, hitting $7.12. 3,465,610 shares of the company were exchanged, compared to its average volume of 9,365,090. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55. Oasis Petroleum has a 12 month low of $6.45 and a 12 month high of $14.57. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 356.00, a PEG ratio of 1.22 and a beta of 2.22.



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

In other Oasis Petroleum news, insider Taylor L. Reid sold 30,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $8.04, for a total value of $241,200.00. Following the completion of the sale, the insider now owns 1,216,576 shares in the company, valued at approximately $9,781,271.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA purchased a new stake in Oasis Petroleum in the 2nd quarter worth approximately $7,013,000. Canada Pension Plan Investment Board lifted its stake in shares of Oasis Petroleum by 64.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 269,842 shares of the energy producer’s stock valued at $3,500,000 after purchasing an additional 105,400 shares during the period. Strs Ohio purchased a new position in shares of Oasis Petroleum in the 2nd quarter valued at approximately $334,000. Renaissance Technologies LLC lifted its stake in shares of Oasis Petroleum by 20.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,777,400 shares of the energy producer’s stock valued at $23,053,000 after purchasing an additional 305,600 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Oasis Petroleum in the 2nd quarter valued at approximately $933,000.

Oasis Petroleum Company Profile

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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