Oasis Petroleum Inc. (NYSE:OAS)’s share price traded up 6% during trading on Thursday . The company traded as high as $9.63 and last traded at $9.34. 16,553,813 shares were traded during mid-day trading, an increase of 78% from the average session volume of 9,308,914 shares. The stock had previously closed at $8.81.
A number of equities analysts have commented on the stock. Mizuho reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Oasis Petroleum in a report on Friday, September 29th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Oasis Petroleum in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price objective (down previously from $10.50) on shares of Oasis Petroleum in a report on Monday, September 25th. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Finally, BMO Capital Markets set a $11.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus target price of $12.55.
The stock has a market cap of $2,515.39, a price-to-earnings ratio of -35.65 and a beta of 2.33. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 71.9% compared to the same quarter last year. equities research analysts anticipate that Oasis Petroleum Inc. will post -0.06 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Hermes Investment Management Ltd. boosted its holdings in shares of Oasis Petroleum by 11.5% during the third quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after acquiring an additional 490,057 shares during the period. Piermont Capital Management Inc. bought a new stake in shares of Oasis Petroleum during the second quarter valued at about $1,728,000. GMT Capital Corp bought a new stake in shares of Oasis Petroleum during the third quarter valued at about $19,487,000. Schwab Charles Investment Management Inc. raised its stake in shares of Oasis Petroleum by 21.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,545,556 shares of the energy producer’s stock valued at $14,096,000 after purchasing an additional 269,152 shares in the last quarter. Finally, Precocity Capital LP raised its stake in shares of Oasis Petroleum by 20.5% during the third quarter. Precocity Capital LP now owns 1,325,000 shares of the energy producer’s stock valued at $12,084,000 after purchasing an additional 225,000 shares in the last quarter. 82.75% of the stock is owned by institutional investors.
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About Oasis Petroleum
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.
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