Economy

Worth Watching Stock: Oasis Petroleum Inc (OAS)

Oasis Petroleum Inc. most recently reported earnings per share (EPS) of -$0.05 for the June 2017 versus -$0.11 in the same quarter a year ago, representing -55% growth.

A number of other equities analysts also recently commented on the stock. Jefferies Group LLC restated a "buy" rating and set a $13.00 price objective on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Cowen and Company restated a "buy" rating and set a $10.00 price objective on shares of Oasis Petroleum in a report on Sunday, October 22nd. Susquehanna raised shares of Oasis Petroleum from a "neutral" rating to a "positive" rating and set a $11.00 price objective for the company in a research note on Monday, August 1st.

Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). (OAS) price hitting a mean target of $12.13 a share, meaning the stock still has potential that could lift the price another 34.93% Also, the recent close suggests the stock is underpriced by 111.35% compared to the most bullish target.

Shares of Oasis Petroleum (NYSE:OAS) opened at 8.99 on Friday. About shares traded. ACADIA Pharmaceuticals Inc. The firm's market cap is $2.13 billion. Based on a recent bid, the stock is trading -62.34% away from it's 52- week high and 7.25% away from its 52 week low. OAS traded on a high for the day of 9.05 with a corresponding low of 8.50.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Monday, November 7th. Dingmann now expects that the brokerage will earn ($0.59) per share for the year, up from their prior estimate of ($0.65).

Oasis Petroleum Inc. has a beta of 2.43, offering the possibility of a higher rate of return, but also posing more risk. The firm had revenue of $254.10 million during the quarter, compared to analysts' expectations of $255.41 million. (NYSE:OAS) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). However, -2.07% over the last one month, 15.55% for the last quarter and year to date performance stands at -40.62%.

The company had seen its current volume reaching at 7.48 million shares in the last trade.

Analysts await Oasis Petroleum Inc. If you are viewing this report on another website, it was stolen and republished in violation of USA and global copyright laws. The correct version of this piece can be accessed at https://weekherald.com/2017/10/30/oasis-petroleum-inc-oas-given-a-11-00-price-target-at-keycorp.html. Taylor Reid has seen steady activity on the sell side, and on September 25, 2017, executed an option to sell 30000 shares.

Editas Medicine, Inc.is maintained at an average outperform rating by 8 stock analysts, and there are at least 17.8% of shares outstanding that are now legally short sold. Cornerstone Capital Inc. owns 301,185 shares or 2.98% of their U.S. portfolio. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. Company insiders own 1.90% of the company's stock. Institutional investors and hedge funds own 93.64% of the company's stock. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer's stock valued at $166,000 after purchasing an additional 1,463 shares during the period. State Street Corp raised its position in Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 9,895,275 shares of the energy producer's stock valued at $79,657,000 after purchasing an additional 1,931,992 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Oasis Petroleum by 9.4% in the third quarter. Caymus Capital Partners L.P. grew its position in shares of Oasis Petroleum by 50.2% during the 2nd quarter. Think Investments LP now owns 4,688,538 shares of the company's stock worth $42,857,000 after buying an additional 100,000 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Oasis Petroleum by 90.4% during the 2nd quarter. The firm owned 19,521,951 shares of the energy producer's stock after buying an additional 125,706 shares during the quarter.



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