Oasis Petroleum Inc. (NYSE:OAS) rose 7.2% on Thursday . The company traded as high as $3.02 and last traded at $2.97, approximately 10,317,200 shares were traded during mid-day trading. A decline of 9% from the average daily volume of 11,307,824 shares. The stock had previously closed at $2.77.
OAS has been the subject of a number of recent research reports. Johnson Rice lowered Oasis Petroleum from a “buy” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Barclays initiated coverage on Oasis Petroleum in a research note on Friday, August 30th. They issued an “equal weight” rating and a $3.50 target price for the company. Piper Jaffray Companies set a $5.00 target price on Oasis Petroleum and gave the company a “hold” rating in a research note on Friday, August 16th. ValuEngine raised Oasis Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, LADENBURG THALM/SH SH lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.00 in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $5.97.
The company has a market cap of $880.39 million, a PE ratio of 11.42 and a beta of 2.25. 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 business has a fifty day moving average of $2.71 and a 200-day moving average of $3.78.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, November 5th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Oasis Petroleum had a net margin of 7.78% and a negative return on equity of 0.50%. The business had revenue of $482.74 million for the quarter, compared to analysts’ expectations of $392.16 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was down 28.4% on a year-over-year basis. As a group, research analysts predict that Oasis Petroleum Inc. will post -0.13 EPS for the current year.
A number of large investors have recently made changes to their positions in OAS. Enterprise Bank & Trust Co purchased a new position in Oasis Petroleum during the 3rd quarter valued at about $35,000. Virginia Retirement Systems ET AL purchased a new position in shares of Oasis Petroleum during the 3rd quarter worth approximately $39,000. Corient Capital Partners LLC purchased a new position in shares of Oasis Petroleum during the 3rd quarter worth approximately $40,000. Stifel Financial Corp purchased a new position in shares of Oasis Petroleum during the 3rd quarter worth approximately $40,000. Finally, Wetherby Asset Management Inc. purchased a new position in shares of Oasis Petroleum during the 3rd quarter worth approximately $62,000. Institutional investors own 95.34% of the company’s stock.
Oasis Petroleum Company Profile (NYSE:OAS)
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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