Oasis Petroleum (NYSE:OAS) had its price objective hoisted by stock analysts at UBS Group to $0.80 in a research report issued on Monday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the energy producer’s stock. UBS Group’s target price would suggest a potential upside of 6.67% from the company’s previous close.
A number of other equities research analysts have also weighed in on OAS. Siebert Williams Shank lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Citigroup lowered Oasis Petroleum from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 9th. Wells Fargo & Co lowered Oasis Petroleum from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $4.00 to $2.00 in a research report on Tuesday, March 10th. Cowen lowered Oasis Petroleum from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 11th. Finally, Tudor Pickering lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Thirteen investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Hold” and an average price target of $3.74.
Shares of NYSE:OAS opened at $0.75 on Monday. The company has a market cap of $253.72 million, a P/E ratio of 2.88 and a beta of 2.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.77 and a current ratio of 0.83. Oasis Petroleum has a one year low of $0.24 and a one year high of $5.92. The business’s 50-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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). Oasis Petroleum had a net margin of 7.78% and a negative return on equity of 0.50%. The business had revenue of $387.80 million for the quarter. Analysts predict that Oasis Petroleum will post -0.13 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. Swiss National Bank raised its stake in Oasis Petroleum by 2.0% during the 4th quarter. Swiss National Bank now owns 554,450 shares of the energy producer’s stock valued at $1,802,000 after acquiring an additional 10,700 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Oasis Petroleum by 13.0% in the 4th quarter. Bank of Montreal Can now owns 119,701 shares of the energy producer’s stock worth $391,000 after buying an additional 13,809 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Oasis Petroleum by 18.3% in the 1st quarter. New York State Teachers Retirement System now owns 115,367 shares of the energy producer’s stock worth $40,000 after buying an additional 17,867 shares in the last quarter. Personal Capital Advisors Corp bought a new stake in shares of Oasis Petroleum in the 4th quarter worth $62,000. Finally, Mairs & Power INC raised its stake in shares of Oasis Petroleum by 2.2% in the 4th quarter. Mairs & Power INC now owns 934,755 shares of the energy producer’s stock worth $3,047,000 after buying an additional 20,300 shares in the last quarter. 95.34% of the stock is currently owned by hedge funds and other institutional investors.
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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