Piper Sandler Boosts Oasis Petroleum (NASDAQ:OAS) Price Target to $127.00

Oasis Petroleum (NASDAQ:OAS) had its target price hoisted by equities research analysts at Piper Sandler from $115.00 to $127.00 in a report issued on Thursday, The Fly reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 37.15% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Truist Securities assumed coverage on shares of Oasis Petroleum in a research report on Tuesday, June 1st. They set a “buy” rating on the stock. Royal Bank of Canada raised shares of Oasis Petroleum from a “sector perform” rating to an “outperform” rating in a report on Tuesday, July 6th. MKM Partners began coverage on shares of Oasis Petroleum in a report on Monday, March 29th. They issued a “buy” rating on the stock. Truist lifted their price target on shares of Oasis Petroleum from $115.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, July 1st. They noted that the move was a valuation call. Finally, Wells Fargo & Company lifted their price target on shares of Oasis Petroleum from $78.00 to $83.00 and gave the stock an “underweight” rating in a report on Wednesday, July 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $92.90.

Shares of OAS opened at $92.60 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.83 and a quick ratio of 0.77. The company has a 50-day moving average price of $92.73. Oasis Petroleum has a one year low of $20.00 and a one year high of $107.65.

Oasis Petroleum (NASDAQ:OAS) last issued its earnings results on Monday, May 3rd. The company reported $4.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $2.04. The firm had revenue of $355.46 million during the quarter, compared to analyst estimates of $271.00 million. On average, sell-side analysts forecast that Oasis Petroleum will post 15.56 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Hodges Capital Management Inc. bought a new stake in Oasis Petroleum during the 1st quarter valued at $238,000. Amundi Asset Management US Inc. purchased a new position in shares of Oasis Petroleum during the 1st quarter valued at $285,000. Manatuck Hill Partners LLC purchased a new position in shares of Oasis Petroleum during the 1st quarter valued at $297,000. Cannon Global Investment Management LLC purchased a new position in shares of Oasis Petroleum during the 1st quarter valued at $309,000. Finally, Virtu Financial LLC purchased a new position in shares of Oasis Petroleum during the 1st quarter valued at $311,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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 United States. It operates through Exploration and Production(E&P), and Midstream segments. The E&P segment engages in the acquisition and development of oil and gas properties.

Featured Article: Penny Stocks, What You Need To Know

The Fly logo

Analyst Recommendations for Oasis Petroleum (NASDAQ: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.