ValuEngine Downgrades Oasis Petroleum Inc. (NYSE:OAS) to Sell

ValuEngine cut shares of Oasis Petroleum Inc. (NYSE:OAS) from a hold rating to a sell rating in a report published on Monday, August 7th.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada set a $19.00 price target on shares of Oasis Petroleum and gave the company a buy rating in a research report on Thursday, June 8th. UBS AG upgraded shares of Oasis Petroleum from a neutral rating to a buy rating and reduced their price target for the company from $14.00 to $13.00 in a research report on Thursday, June 8th. Jefferies Group LLC restated a buy rating and set a $17.00 price target on shares of Oasis Petroleum in a research report on Wednesday, May 17th. SunTrust Banks, Inc. upgraded shares of Oasis Petroleum from a hold rating to a buy rating and boosted their price target for the company from $16.00 to $17.00 in a research report on Wednesday, May 3rd. Finally, BMO Capital Markets set a $18.00 target price on shares of Oasis Petroleum and gave the stock a buy rating in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Oasis Petroleum presently has a consensus rating of Buy and an average target price of $14.59.

Shares of Oasis Petroleum (NYSE OAS) traded up 2.65% during midday trading on Monday, reaching $7.35. The company had a trading volume of 5,601,512 shares. Oasis Petroleum has a one year low of $6.90 and a one year high of $17.08. The company has a 50 day moving average price of $7.76 and a 200-day moving average price of $11.01. The firm’s market capitalization is $1.75 billion.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $254.10 million during the quarter, compared to analyst estimates of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. Oasis Petroleum’s revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. On average, analysts anticipate that Oasis Petroleum will post ($0.13) EPS for the current fiscal year.

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In related news, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the transaction, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Oasis Petroleum by 90.4% in the second quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after buying an additional 2,732,234 shares during the last quarter. Renaissance Technologies LLC bought a new position in Oasis Petroleum during the second quarter worth about $17,572,000. Caymus Capital Partners L.P. increased its position in Oasis Petroleum by 50.2% in the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after buying an additional 2,086,400 shares during the last quarter. State Street Corp boosted its stake in shares of Oasis Petroleum by 24.3% in the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after buying an additional 1,931,992 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of Oasis Petroleum during the first quarter worth $18,545,000. 98.52% of the stock is owned by institutional investors.

About Oasis Petroleum

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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