Oasis Petroleum Inc. (NASDAQ:OAS) Receives Consensus Rating of “Buy” from Brokerages

Oasis Petroleum Inc. (NASDAQ:OASGet Rating) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $188.50.

A number of brokerages have weighed in on OAS. Wells Fargo & Company lifted their target price on Oasis Petroleum from $138.00 to $157.00 and gave the stock an “equal weight” rating in a report on Monday, March 14th. Truist Financial lifted their target price on Oasis Petroleum from $207.00 to $225.00 in a report on Thursday, April 21st. Royal Bank of Canada boosted their price objective on Oasis Petroleum from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 1st. MKM Partners boosted their price objective on Oasis Petroleum from $170.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, March 8th. Finally, TheStreet upgraded Oasis Petroleum from a “d+” rating to a “c-” rating in a report on Thursday, February 24th.

In related news, Director Samantha Holroyd sold 1,500 shares of Oasis Petroleum stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $165.00, for a total transaction of $247,500.00. Following the transaction, the director now owns 14,000 shares of the company’s stock, valued at $2,310,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Kimmeridge Energy Management Company LLC purchased a new position in Oasis Petroleum in the third quarter worth $95,305,000. Fuller & Thaler Asset Management Inc. boosted its position in Oasis Petroleum by 167.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 979,745 shares of the company’s stock worth $143,337,000 after purchasing an additional 612,883 shares during the last quarter. Invesco Ltd. boosted its position in Oasis Petroleum by 514.4% in the first quarter. Invesco Ltd. now owns 499,795 shares of the company’s stock worth $73,120,000 after purchasing an additional 418,451 shares during the last quarter. Morgan Stanley boosted its position in Oasis Petroleum by 5,764.1% in the second quarter. Morgan Stanley now owns 414,828 shares of the company’s stock worth $41,711,000 after purchasing an additional 407,754 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in Oasis Petroleum in the first quarter worth $43,651,000. 90.36% of the stock is currently owned by institutional investors.

Shares of OAS stock opened at $135.76 on Friday. The company has a market cap of $2.66 billion, a P/E ratio of 3.27 and a beta of 1.37. The stock has a 50 day simple moving average of $149.11 and a two-hundred day simple moving average of $140.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.06. Oasis Petroleum has a fifty-two week low of $79.31 and a fifty-two week high of $181.34.

The business also recently announced a dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a dividend of $2.94 per share. The ex-dividend date was Tuesday, May 31st. Oasis Petroleum’s payout ratio is 5.64%.

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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Analyst Recommendations for Oasis Petroleum (NASDAQ:OAS)

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