Jefferies Downgrades Oasis Petroleum Inc to Hold


Oasis Petroleum Inc (NYSE: OAS) received a Hold rating from Jefferies analyst Mark Lear today. The company’s shares closed on Friday at $12.86, close to its 52-week high of $13.70.

According to TipRanks.com, Lear is a 2-star analyst with an average return of 0.7% and a 48.3% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Jagged Peak Energy Inc, and Continental Resources.

Oasis Petroleum Inc has an analyst consensus of Moderate Buy, with a price target consensus of $14.55.

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Oasis Petroleum Inc’s market cap is currently $4.08B and has a P/E ratio of 31.21. The company has a Price to Book ratio of 1.09.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.

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Oasis Petroleum, Inc. engages in the acquisition, development, and exploration of onshore, unconventional oil and natural gas resources. It operates through the following business segments: Exploration and Production, Midstream Services, and Well Services. The Exploration and Production segment refers to the sale of oil, and natural gas production.

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