SunTrust Robinson analyst Neal Dingmann reiterated a Hold rating on Oasis Petroleum Inc (OAS) on November 27 and set a price target of $9. The company’s shares opened today at $7.45, close to its 52-week low of $7.20.
According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oasis Petroleum Inc with a $15.81 average price target, which is an 112.2% upside from current levels. In a report issued on November 25, Stifel Nicolaus also reiterated a Hold rating on the stock with a $10.50 price target.
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Based on Oasis Petroleum Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $62.34 million. In comparison, last year the company had a GAAP net loss of $41.21 million.
Based on the recent corporate insider activity of 42 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.
