A number of other analysts have also recently weighed in on OAS. Analysts at Stephens upgraded shares of Oasis Petroleum from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, April 23rd. Separately, analysts at Jefferies Group (NYSE: JEF) upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, April 17th. They now have a $42.00 price target on the stock, up previously from $31.00. Finally, analysts at Pritchard Capital upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 12nd.
Shares of Oasis Petroleum traded up 1.66% during mid-day trading on Wednesday, hitting $28.21. Oasis Petroleum has a one year low of $17.99 and a one year high of $35.46. The company has a market cap of $2.626 billion and a P/E ratio of 25.02.
Oasis Petroleum last issued its quarterly earnings data on Monday, May 7th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.13. The company’s quarterly revenue was up 136.1% on a year-over-year basis. On average, analysts predict that Oasis Petroleum will post $0.45 earnings per share next quarter.
Oasis Petroleum Inc. is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas resources.