Oasis Petroleum (OAS) Stock Price Down 6.7%

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Oasis Petroleum Inc. (NYSE:OAS)’s share price traded down 6.7% during mid-day trading on Thursday . The company traded as low as $12.34 and last traded at $12.36. 7,295,953 shares changed hands during trading, a decline of 19% from the average session volume of 9,010,674 shares. The stock had previously closed at $13.25.

A number of equities analysts have issued reports on the company. KLR Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Oasis Petroleum in a research note on Monday, August 20th. Morgan Stanley increased their price target on Oasis Petroleum from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. SunTrust Banks set a $12.00 price target on Oasis Petroleum and gave the company a “sell” rating in a research note on Wednesday, August 8th. Stifel Nicolaus increased their price target on Oasis Petroleum from $10.00 to $10.50 and gave the company a “hold” rating in a research note on Tuesday, August 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $26.00 price target on shares of Oasis Petroleum in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus price target of $14.30.

The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 614.00, a price-to-earnings-growth ratio of 1.87 and a beta of 2.14. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.51 and a quick ratio of 0.48.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Monday, August 6th. The energy producer reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $501.30 million during the quarter, compared to analyst estimates of $404.75 million. Oasis Petroleum had a positive return on equity of 2.53% and a negative net margin of 14.48%. The company’s revenue for the quarter was up 97.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. sell-side analysts anticipate that Oasis Petroleum Inc. will post 0.44 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC lifted its holdings in shares of Oasis Petroleum by 6.8% in the second quarter. Piedmont Investment Advisors LLC now owns 73,286 shares of the energy producer’s stock valued at $951,000 after purchasing an additional 4,680 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Oasis Petroleum by 28.8% in the second quarter. Russell Investments Group Ltd. now owns 25,567 shares of the energy producer’s stock valued at $334,000 after purchasing an additional 5,719 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Oasis Petroleum by 32.9% in the second quarter. Tower Research Capital LLC TRC now owns 23,405 shares of the energy producer’s stock valued at $303,000 after purchasing an additional 5,794 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Oasis Petroleum by 49.6% in the first quarter. GW&K Investment Management LLC now owns 19,925 shares of the energy producer’s stock valued at $161,000 after purchasing an additional 6,610 shares in the last quarter. Finally, Palisade Capital Management LLC NJ lifted its holdings in shares of Oasis Petroleum by 35.8% in the first quarter. Palisade Capital Management LLC NJ now owns 27,300 shares of the energy producer’s stock valued at $221,000 after purchasing an additional 7,200 shares in the last quarter. Institutional investors own 97.21% 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 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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