Oasis Petroleum (NYSE:OAS) Price Target Cut to $6.00 by Analysts at Wells Fargo & Co

Oasis Petroleum (NYSE:OAS) had its price target cut by Wells Fargo & Co from $7.00 to $6.00 in a research note released on Friday, BenzingaRatingsTable reports. They currently have a market perform rating on the energy producer’s stock.

Several other equities research analysts have also commented on the stock. SunTrust Banks lowered shares of Oasis Petroleum from a hold rating to a sell rating in a report on Monday, July 8th. Royal Bank of Canada set a $8.00 price target on shares of Oasis Petroleum and gave the stock a buy rating in a report on Friday, August 9th. MKM Partners began coverage on shares of Oasis Petroleum in a report on Thursday, August 22nd. They issued a buy rating and a $5.00 price target for the company. Barclays began coverage on shares of Oasis Petroleum in a report on Friday, August 30th. They issued an equal weight rating and a $3.50 price target for the company. Finally, Raymond James lowered shares of Oasis Petroleum from a strong-buy rating to an outperform rating and cut their price target for the stock from $7.50 to $4.00 in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $7.63.

Shares of NYSE OAS opened at $3.86 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of 14.85, a PEG ratio of 15.21 and a beta of 2.20. The firm has a fifty day moving average of $3.35 and a 200 day moving average of $4.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.79 and a current ratio of 0.84. Oasis Petroleum has a one year low of $2.41 and a one year high of $14.57.



Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, August 6th. The energy producer reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $529.41 million during the quarter, compared to analyst estimates of $406.63 million. Oasis Petroleum had a net margin of 9.43% and a return on equity of 0.59%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, equities analysts predict that Oasis Petroleum will post 0.02 EPS for the current fiscal year.

In other Oasis Petroleum news, COO Taylor L. Reid bought 45,060 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $2.76 per share, with a total value of $124,365.60. Following the completion of the acquisition, the chief operating officer now directly owns 1,462,819 shares of the company’s stock, valued at $4,037,380.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas B. Nusz bought 30,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $2.76 per share, with a total value of $82,800.00. Following the acquisition, the chief executive officer now directly owns 1,830,332 shares of the company’s stock, valued at $5,051,716.32. The disclosure for this purchase can be found here. Insiders have bought 105,060 shares of company stock valued at $292,666 in the last ninety days. Insiders own 1.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. CWM Advisors LLC grew its holdings in shares of Oasis Petroleum by 8.3% during the second quarter. CWM Advisors LLC now owns 27,820 shares of the energy producer’s stock worth $158,000 after buying an additional 2,140 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Oasis Petroleum by 1.2% during the second quarter. Arizona State Retirement System now owns 196,328 shares of the energy producer’s stock worth $1,115,000 after buying an additional 2,233 shares in the last quarter. Sippican Capital Advisors grew its holdings in shares of Oasis Petroleum by 12.9% during the second quarter. Sippican Capital Advisors now owns 27,115 shares of the energy producer’s stock worth $154,000 after buying an additional 3,100 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of Oasis Petroleum by 28.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,252 shares of the energy producer’s stock valued at $92,000 after acquiring an additional 3,386 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its position in shares of Oasis Petroleum by 16.0% during the 2nd quarter. Chilton Capital Management LLC now owns 25,442 shares of the energy producer’s stock valued at $145,000 after acquiring an additional 3,500 shares during the last quarter. 98.83% of the stock is owned by institutional investors and hedge funds.

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 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.

Featured Story: Special Dividends

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

Receive News & Ratings for Oasis Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.