Stock analysts at Sterne Agee upped their price target on shares of Oasis Petroleum (NYSE:OAS) to $54.00 in a report issued on Tuesday, AnalystRatingsNetwork.com reports. Sterne Agee’s price objective would indicate a potential upside of 23.34% from the stock’s previous close.
Oasis Petroleum (NYSE:OAS) traded down 0.11% during mid-day trading on Tuesday, hitting $43.73. The stock had a trading volume of 545,114 shares. Oasis Petroleum has a one year low of $27.86 and a one year high of $44.46. The stock has a 50-day moving average of $40.79 and a 200-day moving average of $38.51. The company has a market cap of $4.090 billion and a P/E ratio of 22.56.
Oasis Petroleum (NYSE:OAS) last released its earnings data on Tuesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.05. The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $246.47 million. Oasis Petroleum’s revenue was up 70.8% compared to the same quarter last year. On average, analysts predict that Oasis Petroleum will post $2.91 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $48.00 to $49.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $42.00 to $48.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Oasis Petroleum (NYSE:OAS) from $45.00 to $50.00 in a research note to investors on Monday. They now have a “hold” rating on the stock.
Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $50.52.
Oasis Petroleum Inc is an exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin.
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