Stock Analysis:Oasis Petroleum Inc (NYSE:OAS) Upside Target Change
In a very recent research note revealed to investors and clients by Jefferies & Co on Wednesday, 2 December, Oasis Petroleum Inc (NYSE:OAS) had its target increased to $12.00. The firm at present has a solid “Hold” rating on shares.
From a total of 31 analysts covering Oasis Petroleum Inc. (NYSE:OAS) stock, 16 rate it a ”Buy”, 2 a “Sell”, and 17 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is $24 while the lowest target price is $8. The mean of all analyst targets is $14.52 with a 26.07% above today’s ($11.01) stock price. Oasis Petroleum Inc. was the topic of 25 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Wunderlich maintained shares on November 5 with “Buy” rating. BMO Capital Markets upgraded shares to “Outperform” rating and $16 target share price in a report from an August 17. RBC Capital Markets maintained OAS stock in a recent report from November 4 with “Outperform” rating. Finally, Topeka Capital Markets maintained the stock with “Buy” rating in a report issued on an October 7.
Approximately 1.09M shares of stock traded hands. Oasis Petroleum Inc. (NYSE:OAS) has declined 34.96% since April 29, 2015 and is downtrending. It has underperformed by 34.76% the S&P500.
Oasis Petroleum Inc. is an independent exploration and production company. The company has a market cap of $1.53 billion. The Firm 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. It has 7.86 P/E ratio. The Company’s core projects include Williston Basin, West Williston, East Nesson and Sanish.
According to Zacks Investment Research, “Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. The Company is currently focused on exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of its acreage. Oasis Petroleum Inc. is based in Houston, Texas.” Get a free copy of the Zacks research report on Oasis Petroleum Inc. (OAS).