Media stories about Oasis Petroleum (NYSE:OAS) have trended positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oasis Petroleum earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the energy producer an impact score of 45.0013525004874 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
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Oasis Petroleum CEO: Oil prices always come back to suppl… (finance.yahoo.com) Oasis Petroleum (OAS) Price Target Raised to $17.00 at JPMorgan Chase (americanbankingnews.com) Oasis Petroleum (OAS) Rating Increased to Overweight at Morgan Stanley (americanbankingnews.com) Oasis Petroleum (OAS) Given Buy Rating at Williams Capital (americanbankingnews.com) Oasis Petroleum (OAS) Forecasted to Post FY2018 Earnings of $0.44 Per Share (americanbankingnews.com)
Several equities research analysts have recently commented on the stock. Stephens set a $15.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Williams Capital reiterated a “buy” rating and set a $18.00 price target on shares of Oasis Petroleum in a research report on Wednesday. JPMorgan Chase & Co. set a $17.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley upgraded shares of Oasis Petroleum from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $12.52 to $19.00 in a research report on Wednesday. Finally, BMO Capital Markets lifted their price target on shares of Oasis Petroleum from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.41.
Shares of Oasis Petroleum opened at $12.76 on Thursday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.63. Oasis Petroleum has a twelve month low of $6.69 and a twelve month high of $13.13. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 638.00, a P/E/G ratio of 2.35 and a beta of 2.08.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Monday, May 7th. The energy producer reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Oasis Petroleum had a net margin of 7.26% and a return on equity of 1.39%. The firm had revenue of $421.20 million for the quarter, compared to analyst estimates of $370.13 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue was up 47.7% on a year-over-year basis. analysts anticipate that Oasis Petroleum will post 0.37 earnings per share for the current year.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 19,181 shares of Oasis Petroleum stock in a transaction that occurred on Saturday, May 5th. The shares were sold at an average price of $11.90, for a total value of $228,253.90. Following the transaction, the vice president now owns 257,632 shares of the company’s stock, valued at $3,065,820.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael H. Lou sold 16,000 shares of Oasis Petroleum stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $12.27, for a total transaction of $196,320.00. Following the completion of the transaction, the vice president now directly owns 434,959 shares in the company, valued at approximately $5,336,946.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,181 shares of company stock worth $791,174. Insiders own 1.50% of the company’s stock.
About Oasis Petroleum
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 North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.