Trading Report: Today, Mizuho Reiterates “Buy” Rating for Oasis Petroleum Inc. (OAS)

Today, Mizuho Reiterates “Buy” Rating for Oasis Petroleum Inc. (OAS)

Oasis Petroleum Inc. (NYSE:OAS)‘s stock had its “buy” rating reaffirmed by stock analysts at Mizuho in a research report issued to clients and investors on Tuesday.

Several other research firms have also recently issued reports on OAS. Ladenburg Thalmann raised Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. cut Oasis Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $8.75 to $8.50 in a research note on Tuesday. Citigroup Inc. raised Oasis Petroleum to a “strong-buy” rating and increased their price target for the stock from $14.00 to $17.00 in a research note on Friday, August 5th. Raymond James Financial Inc. raised Oasis Petroleum from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $14.00 to $17.00 in a research note on Friday, August 5th. Finally, Nomura reissued a “hold” rating and issued a $17.00 price target on shares of Oasis Petroleum in a research note on Monday, September 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Hold” and a consensus target price of $11.95.

Shares of Oasis Petroleum (NYSE:OAS) traded down 4.10% on Tuesday, reaching $10.77. 35,719,082 shares of the company traded hands. The firm has a 50-day moving average of $10.34 and a 200-day moving average of $9.48. The company’s market capitalization is $1.94 billion. Oasis Petroleum has a 52-week low of $3.40 and a 52-week high of $13.72.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The company earned $179 million during the quarter, compared to analysts’ expectations of $184.47 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Oasis Petroleum will post ($0.62) earnings per share for the current fiscal year.

In other Oasis Petroleum news, major shareholder Advisory Corp Spo sold 2,975,700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $11.56, for a total value of $34,399,092.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Taylor L. Reid sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $9.42, for a total value of $235,500.00. Following the completion of the sale, the chief operating officer now directly owns 1,199,341 shares in the company, valued at approximately $11,297,792.22. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock worth $101,000 after buying an additional 100 shares in the last quarter. Seven Eight Capital LLC purchased a new stake in shares of Oasis Petroleum during the first quarter worth approximately $126,000. Advisory Services Network LLC increased its stake in shares of Oasis Petroleum by 10.5% in the second quarter. Advisory Services Network LLC now owns 13,700 shares of the company’s stock worth $128,000 after buying an additional 1,300 shares in the last quarter. Sanders Morris Harris Inc. increased its stake in shares of Oasis Petroleum by 50.0% in the second quarter. Sanders Morris Harris Inc. now owns 15,000 shares of the company’s stock worth $140,000 after buying an additional 5,000 shares in the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of Oasis Petroleum during the second quarter worth approximately $143,000. Institutional investors own 89.80% of the company’s stock.

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