In a report issued on November 25, Michael Scialla from Stifel Nicolaus reiterated a Hold rating on Oasis Petroleum Inc (OAS), with a price target of $10.50. The company’s shares closed yesterday at $7.48, close to its 52-week low of $7.20.
According to TipRanks.com, Scialla has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.9% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Abraxas Petroleum Corp.
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.
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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.
