Oasis Petroleum (OAS) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 12 from a previous price target of $10 . Wunderlich advised their investors in a research report released on Oct 19, 2016.
Many Wall Street Analysts have commented on Oasis Petroleum. Oasis Petroleum was Upgraded by Piper Jaffray to ” Overweight” on Oct 19, 2016. Company shares were Reiterated by Williams Capital Group on Oct 19, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .Oasis Petroleum was Downgraded by Goldman to ” Sell” on Oct 18, 2016.
On the company’s financial health, Oasis Petroleum reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.15. The company had revenue of $179.00 million for the quarter, compared to analysts expectations of $197.16 million. The company’s revenue was down -22.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.
Oasis Petroleum closed down -0.15 points or -1.34% at $11.05 with 65,96,475 shares getting traded on Friday. Post opening the session at $11.24, the shares hit an intraday low of $10.83 and an intraday high of $11.3214 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 28, 2016, Taylor L Reid (President and COO) sold 25,000 shares at $9.42 per share price. According to the SEC, on Aug 12, 2016, Thomas B Nusz (Chairman and CEO) sold 200,000 shares at $8.92 per share price. On Mar 6, 2015, Michael Mcshane (director) purchased 50,000 shares at $12.80 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Companys core projects include Williston Basin West Williston East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons including the Bakken Three Forks Madison and Red River formations. The Company controls 357584 net acres in the West Williston project area. The Company controls 147919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.