Oasis Petroleum Inc. (NYSE:OAS) shares were down 5.4% during mid-day trading on Tuesday . The company traded as low as $5.78 and last traded at $5.81. Approximately 13,285,555 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 10,375,858 shares. The stock had previously closed at $6.14.
A number of research analysts have recently issued reports on OAS shares. Zacks Investment Research lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Friday, January 11th. UBS Group raised Oasis Petroleum from a “neutral” rating to a “positive” rating in a report on Thursday, November 15th. Capital One Financial lowered Oasis Petroleum from an “overweight” rating to an “underweight” rating in a report on Thursday, December 20th. Stephens assumed coverage on Oasis Petroleum in a report on Thursday, December 6th. They set an “equal weight” rating and a $11.00 price objective on the stock. Finally, Stifel Nicolaus raised Oasis Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the stock from $10.50 to $14.00 in a report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.30.
The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55. The stock has a market capitalization of $1.95 billion, a P/E ratio of 290.50, a price-to-earnings-growth ratio of 1.03 and a beta of 2.15.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The firm had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $455.65 million. Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The company’s revenue for the quarter was up 79.4% compared to the same quarter last year. On average, analysts expect that Oasis Petroleum Inc. will post 0.35 EPS 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 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 sale, the insider now directly owns 1,216,576 shares in the company, valued at $9,781,271.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in shares of Oasis Petroleum by 453.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 583,122 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 477,675 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Oasis Petroleum by 58.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,902,358 shares of the energy producer’s stock valued at $21,580,000 after acquiring an additional 1,434,956 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Oasis Petroleum by 94.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 28,473 shares of the energy producer’s stock valued at $157,000 after acquiring an additional 13,843 shares in the last quarter. CWM Advisors LLC purchased a new stake in shares of Oasis Petroleum in the fourth quarter valued at $89,000. Finally, Creative Planning lifted its position in shares of Oasis Petroleum by 39.4% in the fourth quarter. Creative Planning now owns 536,806 shares of the energy producer’s stock valued at $2,969,000 after acquiring an additional 151,748 shares in the last quarter. Institutional investors own 98.18% of the company’s stock.
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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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