Oasis Petroleum Inc. (NYSE:OAS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $13.61, but opened at $13.34. Oasis Petroleum shares last traded at $12.90, with a volume of 10519043 shares changing hands.
Several equities analysts have recently weighed in on OAS shares. Piper Jaffray Companies restated an “overweight” rating on shares of Oasis Petroleum in a report on Friday, September 28th. KLR Group restated a “buy” rating and set a $18.00 price target on shares of Oasis Petroleum in a report on Monday, August 20th. SunTrust Banks set a $12.00 price target on Oasis Petroleum and gave the company a “sell” rating in a report on Wednesday, August 8th. Morgan Stanley reduced their price target on Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 26th. Finally, Royal Bank of Canada restated a “buy” rating and set a $15.00 price target on shares of Oasis Petroleum in a report on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.37.
The stock has a market capitalization of $4.51 billion, a PE ratio of 656.00, a PEG ratio of 2.06 and a beta of 2.03. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, August 6th. The energy producer reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $501.30 million for the quarter, compared to analysts’ expectations of $404.75 million. Oasis Petroleum had a positive return on equity of 2.53% and a negative net margin of 14.48%. The business’s revenue for the quarter was up 97.3% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. Analysts anticipate that Oasis Petroleum Inc. will post 0.46 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. GMT Capital Corp lifted its position in shares of Oasis Petroleum by 43.1% during the 2nd quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock valued at $200,613,000 after buying an additional 4,655,700 shares in the last quarter. Pine Brook Road Advisors LP purchased a new position in shares of Oasis Petroleum during the 2nd quarter valued at about $111,635,000. Northern Trust Corp lifted its position in shares of Oasis Petroleum by 22.8% during the 2nd quarter. Northern Trust Corp now owns 5,238,348 shares of the energy producer’s stock valued at $67,941,000 after buying an additional 974,014 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Oasis Petroleum by 33.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,422,534 shares of the energy producer’s stock valued at $57,362,000 after buying an additional 1,110,344 shares in the last quarter. Finally, BlueMountain Capital Management LLC lifted its position in shares of Oasis Petroleum by 744.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 3,903,089 shares of the energy producer’s stock valued at $50,623,000 after buying an additional 3,440,937 shares in the last quarter. 97.19% of the stock is currently owned by institutional investors and hedge funds.
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 Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
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