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Oasis Petroleum Inc Lifted To Strong-Buy At Vetr Inc

Published 08/24/2016, 01:18 AM
Updated 09/29/2021, 03:25 AM

Oasis Petroleum Inc (NYSE:OAS) was upgraded by Vetr from a "buy" rating to a "strong-buy" rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $11.50 target price on the stock. Vetr's target price would indicate a potential upside of 17.11% from the stock's current price.

OAS has been the topic of several other reports. Wunderlich increased their target price on Oasis Petroleum from $4.00 to $8.00 and gave the stock a "hold" rating in a research report on Wednesday, May 11th. Jefferies Group upgraded Oasis Petroleum from a "hold" rating to a "buy" rating and increased their target price for the stock from $9.00 to $12.00 in a research report on Tuesday, May 10th. Citigroup) upgraded Oasis Petroleum from a "neutral" rating to a "buy" rating and increased their target price for the stock from $12.00 to $13.00 in a research report on Thursday, June 2nd. Susquehanna upgraded Oasis Petroleum from a "neutral" rating to a "positive" rating and set a $11.00 target price on the stock in a research report on Monday, August 1st. Finally, Seaport Global Securities downgraded Oasis Petroleum from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Tuesday, June 7th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. The stock presently has an average rating of "Hold" and an average target price of $11.44.

Shares of Oasis Petroleum (NYSE:OAS) traded down 0.51% during trading on Tuesday, hitting $9.82. The stock had a trading volume of 10,166,633 shares. The stock's 50-day moving average price is $8.60 and its 200-day moving average price is $8.34. The company's market cap is $1.77 billion. Oasis Petroleum has a one year low of $3.40 and a one year high of $14.15.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.15) by $0.04. The company earned $179 million during the quarter, compared to analysts' expectations of $184.47 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The firm's revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Oasis Petroleum will post ($0.63) EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of OAS. Creative Planning boosted its position in shares of Oasis Petroleum by 5.3% in the second quarter. Creative Planning now owns 23,758 shares of the company's stock valued at $222,000 after buying an additional 1,187 shares during the period. Advisory Services Network LLC boosted its position in shares of Oasis Petroleum by 10.5% in the second quarter. Advisory Services Network LLC now owns 13,700 shares of the company's stock valued at $128,000 after buying an additional 1,300 shares during the period. Swiss National Bank boosted its position in shares of Oasis Petroleum by 1.2% in the fourth quarter. Swiss National Bank now owns 165,500 shares of the company's stock valued at $1,220,000 after buying an additional 1,900 shares during the period. Columbia Pacific Advisors LLC boosted its position in shares of Oasis Petroleum by 0.7% in the fourth quarter. Columbia Pacific Advisors LLC now owns 308,674 shares of the company's stock valued at $2,275,000 after buying an additional 2,240 shares during the period. Finally, Henderson Group PLC boosted its position in shares of Oasis Petroleum by 2.2% in the second quarter. Henderson Group PLC now owns 146,686 shares of the company's stock valued at $1,370,000 after buying an additional 3,138 shares during the period.

In other news, Chairman Thomas B. Nusz sold 200,000 shares of Oasis Petroleum stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the transaction, the chairman now directly owns 1,590,772 shares in the company, valued at approximately $14,189,686.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $10.15, for a total value of $507,500.00. Following the transaction, the chief operating officer now owns 1,231,981 shares in the company, valued at $12,504,607.15. The disclosure for this sale can be found here.

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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company's oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company's oil and natural gas wells operated by OPNA.

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