Shares of Oasis Petroleum Inc. (NYSE:OAS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.22 and last traded at $7.28, with a volume of 670259 shares traded. The stock had previously closed at $8.05.
OAS has been the topic of several analyst reports. Zacks Investment Research upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, October 12th. UBS Group upgraded Oasis Petroleum from a “neutral” rating to a “positive” rating in a report on Thursday, November 15th. ValuEngine lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Wolfe Research upgraded Oasis Petroleum from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 17th. Finally, Morgan Stanley dropped their target price on Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $14.34.
The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 387.00, a P/E/G ratio of 1.17 and a beta of 2.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The business had revenue of $546.50 million for the quarter, compared to analyst estimates of $455.65 million. Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. Oasis Petroleum’s revenue was up 79.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Oasis Petroleum Inc. will post 0.42 earnings per share for the current fiscal year.
In other Oasis Petroleum news, insider Taylor L. Reid sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $8.04, for a total transaction of $241,200.00. Following the transaction, the insider now owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. GMT Capital Corp grew its position in shares of Oasis Petroleum by 43.1% in the second quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock valued at $200,613,000 after purchasing an additional 4,655,700 shares during the last quarter. Pine Brook Road Advisors LP acquired a new position in shares of Oasis Petroleum in the second quarter valued at approximately $111,635,000. Northern Trust Corp grew its position in shares of Oasis Petroleum by 22.8% in the second quarter. Northern Trust Corp now owns 5,238,348 shares of the energy producer’s stock valued at $67,941,000 after purchasing an additional 974,014 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Oasis Petroleum by 1.3% in the third quarter. Macquarie Group Ltd. now owns 4,721,591 shares of the energy producer’s stock valued at $66,952,000 after purchasing an additional 62,784 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Oasis Petroleum by 33.5% in the second 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 purchasing an additional 1,110,344 shares during the last quarter.
About Oasis Petroleum (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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