Shares of Oasis Petroleum Inc. (NASDAQ:OAS) have received an average rating of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $97.10.
Several analysts have weighed in on OAS shares. Royal Bank of Canada raised shares of Oasis Petroleum from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, July 6th. Zacks Investment Research downgraded shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research note on Monday, August 9th. Truist boosted their price target on shares of Oasis Petroleum from $115.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, July 1st. They noted that the move was a valuation call. Truist Securities began coverage on shares of Oasis Petroleum in a research note on Tuesday, June 1st. They set a “buy” rating for the company. Finally, Wells Fargo & Company raised shares of Oasis Petroleum from an “underweight” rating to an “equal weight” rating and set a $94.00 price objective for the company in a research note on Monday, August 23rd.
Oasis Petroleum stock traded down $0.40 during mid-day trading on Friday, hitting $96.60. The company’s stock had a trading volume of 652,991 shares, compared to its average volume of 272,851. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.01 and a current ratio of 1.06. The business has a 50 day moving average price of $89.95 and a 200-day moving average price of $82.09. Oasis Petroleum has a 12 month low of $20.00 and a 12 month high of $107.65.
The business also recently declared a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Monday, August 16th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, August 13th.
Several hedge funds and other institutional investors have recently made changes to their positions in OAS. Ameritas Investment Partners Inc. purchased a new position in shares of Oasis Petroleum during the second quarter valued at about $159,000. Shell Asset Management Co. purchased a new position in shares of Oasis Petroleum during the second quarter valued at about $159,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Oasis Petroleum during the second quarter valued at about $164,000. Comerica Bank purchased a new stake in Oasis Petroleum in the second quarter worth about $206,000. Finally, Mackenzie Financial Corp purchased a new stake in Oasis Petroleum in the second quarter worth about $230,000. Institutional investors own 90.19% of the company’s stock.
Oasis Petroleum Company Profile
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 United States. It operates through Exploration and Production(E&P), and Midstream segments. The E&P segment engages in the acquisition and development of oil and gas properties.
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