UBS Group Raises Oasis Petroleum (NYSE:OAS) Price Target to $0.80

Oasis Petroleum (NYSE:OAS) had its price target lifted by equities researchers at UBS Group to $0.80 in a research report issued on Monday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the energy producer’s stock. UBS Group’s price target would suggest a potential upside of 6.67% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Piper Sandler cut Oasis Petroleum from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 31st. Cowen cut Oasis Petroleum from a “market perform” rating to an “underperform” rating in a report on Wednesday, March 11th. Wells Fargo & Co cut Oasis Petroleum from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $4.00 to $2.00 in a report on Tuesday, March 10th. JPMorgan Chase & Co. cut Oasis Petroleum from an “overweight” rating to an “underweight” rating in a report on Wednesday, March 25th. Finally, Royal Bank of Canada cut Oasis Petroleum from an “outperform” rating to a “sector perform” rating in a report on Monday, March 9th. Thirteen investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Hold” and an average target price of $3.74.

Shares of Oasis Petroleum stock opened at $0.75 on Monday. The company has a market capitalization of $253.72 million, a PE ratio of 2.88 and a beta of 2.25. Oasis Petroleum has a 12 month low of $0.24 and a 12 month high of $5.92. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $0.80 and its 200 day simple moving average is $1.46.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Monday, May 18th. The energy producer reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.03). The business had revenue of $387.80 million for the quarter. Oasis Petroleum had a negative return on equity of 0.50% and a net margin of 7.78%. Analysts predict that Oasis Petroleum will post -0.13 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Personal Capital Advisors Corp bought a new position in Oasis Petroleum during the fourth quarter worth about $62,000. NumerixS Investment Technologies Inc acquired a new stake in Oasis Petroleum during the fourth quarter worth approximately $72,000. Quantbot Technologies LP lifted its position in Oasis Petroleum by 167.4% during the fourth quarter. Quantbot Technologies LP now owns 41,300 shares of the energy producer’s stock worth $134,000 after acquiring an additional 25,853 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Oasis Petroleum during the fourth quarter worth approximately $215,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Oasis Petroleum by 116.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 69,800 shares of the energy producer’s stock worth $228,000 after acquiring an additional 37,500 shares during the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.

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.

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Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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