Oasis Petroleum (NYSE:OAS) received a $12.00 target price from analysts at Jefferies Group in a research report issued on Monday. The brokerage presently has a “buy” rating on the energy producer’s stock. Jefferies Group’s target price points to a potential upside of 50.19% from the company’s current price. Jefferies Group also issued estimates for Oasis Petroleum’s Q3 2019 earnings at $0.09 EPS and Q4 2019 earnings at $0.09 EPS.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank began coverage on shares of Oasis Petroleum in a report on Thursday, February 1st. They issued a “hold” rating and a $10.00 target price on the stock. Morgan Stanley lifted their target price on shares of Oasis Petroleum from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Stifel Nicolaus set a $9.00 target price on shares of Oasis Petroleum and gave the company a “hold” rating in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Saturday, February 3rd. Finally, Credit Suisse Group started coverage on shares of Oasis Petroleum in a research note on Thursday, February 8th. They issued an “outperform” rating and a $11.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.09.
Oasis Petroleum stock opened at $7.99 on Monday. The company has a market cap of $2,620.17, a price-to-earnings ratio of 15.67 and a beta of 2.20. Oasis Petroleum has a 1-year low of $6.69 and a 1-year high of $15.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.65 and a quick ratio of 0.62.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, February 27th. The energy producer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $404.47 million for the quarter, compared to analysts’ expectations of $328.78 million. Oasis Petroleum had a net margin of 9.92% and a return on equity of 0.16%. analysts predict that Oasis Petroleum will post 0.22 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Oasis Petroleum by 2,640.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 107,985 shares of the energy producer’s stock worth $908,000 after purchasing an additional 104,045 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Oasis Petroleum by 21.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,545,556 shares of the energy producer’s stock worth $14,096,000 after purchasing an additional 269,152 shares in the last quarter. BP Capital Fund Advisors LLC purchased a new stake in shares of Oasis Petroleum during the 4th quarter worth $2,788,000. GMT Capital Corp purchased a new stake in shares of Oasis Petroleum during the 3rd quarter worth $19,487,000. Finally, Mizuho Securities USA LLC purchased a new stake in shares of Oasis Petroleum during the 4th quarter worth $450,000. Institutional investors own 89.13% of the company’s stock.
Oasis Petroleum Company Profile
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.
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.