Piper Jaffray Believes Oasis Petroleum Inc (OAS) Still Has Room to Grow

In a report released today, David Kistler from Piper Jaffray maintained a Buy rating on Oasis Petroleum Inc (NYSE: OAS). The company’s shares opened today at $13.77, close to its 52-week high of $14.19.

According to TipRanks.com, Kistler is a 4-star analyst with an average return of 10.3% and a 63.0% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oasis Petroleum Inc with a $14.50 average price target, a 5.3% upside from current levels. In a report issued on September 26, Morgan Stanley also maintained a Buy rating on the stock with a $18 price target.


See today’s analyst top recommended stocks >>

Based on Oasis Petroleum Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $320 million. In comparison, last year the company had a net profit of $16.57 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.