Oasis Petroleum (NASDAQ:OAS) PT Raised to $225.00

Oasis Petroleum (NASDAQ:OASGet Rating) had its target price upped by stock analysts at Piper Sandler to $225.00 in a research report issued on Wednesday, Stock Target Advisor reports. The brokerage presently has a “na” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 69.19% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on OAS. Truist Financial increased their price objective on shares of Oasis Petroleum from $207.00 to $225.00 in a research note on Thursday, April 21st. Wells Fargo & Company increased their price objective on shares of Oasis Petroleum from $138.00 to $157.00 and gave the company an “equal weight” rating in a research note on Monday, March 14th. Royal Bank of Canada increased their price objective on shares of Oasis Petroleum from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 1st. MKM Partners increased their target price on shares of Oasis Petroleum from $170.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, March 8th. Finally, TheStreet raised shares of Oasis Petroleum from a “d+” rating to a “c-” rating in a report on Thursday, February 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Oasis Petroleum presently has an average rating of “Buy” and a consensus price target of $175.14.

Oasis Petroleum stock traded down $9.25 during mid-day trading on Wednesday, reaching $132.99. The company had a trading volume of 6,984 shares, compared to its average volume of 300,501. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.27. Oasis Petroleum has a 52 week low of $74.14 and a 52 week high of $158.48. The company has a 50 day moving average of $143.99 and a 200-day moving average of $134.73. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 3.20 and a beta of 1.40.

Oasis Petroleum (NASDAQ:OASGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $5.36 by ($1.11). Oasis Petroleum had a net margin of 42.10% and a return on equity of 32.41%. The company had revenue of $521.58 million during the quarter, compared to the consensus estimate of $377.00 million. On average, analysts predict that Oasis Petroleum will post 35.25 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. First Quadrant L P CA bought a new position in Oasis Petroleum during the 4th quarter worth approximately $41,000. Fieldpoint Private Securities LLC bought a new position in Oasis Petroleum during the 1st quarter worth approximately $78,000. Monolith Advisors bought a new position in Oasis Petroleum during the 4th quarter worth approximately $80,000. Captrust Financial Advisors boosted its stake in Oasis Petroleum by 209.7% during the 1st quarter. Captrust Financial Advisors now owns 700 shares of the company’s stock worth $102,000 after acquiring an additional 474 shares during the last quarter. Finally, CWM LLC bought a new position in Oasis Petroleum during the 4th quarter worth approximately $107,000. 90.36% of the stock is currently owned by institutional investors and hedge funds.

About Oasis Petroleum (Get Rating)

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 engages in the acquisition and development of oil and gas properties. As of December 31, 2021, the company had 492,355 net leasehold acres in the Williston Basin.

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