Guggenheim downgraded shares of Oasis Petroleum (NYSE:OAS) from a buy rating to a neutral rating in a research report released on Wednesday morning, Marketbeat.com reports.
A number of other research analysts have also recently commented on the company. Stifel Nicolaus restated a hold rating and issued a $11.00 target price on shares of Oasis Petroleum in a research note on Sunday, September 3rd. Jefferies Group set a $13.00 target price on Oasis Petroleum and gave the company a buy rating in a research note on Tuesday, August 29th. Evercore ISI upgraded Oasis Petroleum from an in-line rating to an outperform rating in a research note on Friday, November 3rd. Goldman Sachs Group upgraded Oasis Petroleum from a sell rating to a neutral rating in a research note on Thursday, October 19th. Finally, Morgan Stanley restated an equal weight rating on shares of Oasis Petroleum in a research note on Saturday, September 16th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $12.55.
Oasis Petroleum (OAS) traded down $0.17 on Wednesday, hitting $7.84. The stock had a trading volume of 18,367,746 shares, compared to its average volume of 13,758,594. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $16.73.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The company had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm’s revenue for the quarter was up 71.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) EPS. research analysts expect that Oasis Petroleum will post -0.07 earnings per share for the current fiscal year.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the transaction, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27. The ugg australia sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Federated Investors Inc. PA purchased a new position in Oasis Petroleum during the second quarter valued at $121,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Oasis Petroleum by 103.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after purchasing an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Oasis Petroleum in the 3rd quarter worth $142,000. Teacher Retirement System of Texas increased its holdings in shares of Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Oasis Petroleum by 16,797.3% in the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock worth $174,000 after purchasing an additional 18,981 shares in the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.
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Oasis Petroleum Company Profile
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, Well Services, and Midstream Services.
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