RBC Capital analyst Scott Hanold reiterated a Buy rating on Oasis Petroleum Inc (NYSE: OAS) on July 9 and set a price target of $15. The company’s shares closed yesterday at $12.55.
According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.
Currently, the analyst consensus on Oasis Petroleum Inc is a Moderate Buy with an average price target of $14.88, which is a 18.6% upside from current levels. In a report issued on June 26, Williams Capital also reiterated a Buy rating on the stock with a $18 price target.
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The company has a one-year high of $13.87 and a one-year low of $6.69. Currently, Oasis Petroleum Inc has an average volume of 10.24M.
Based on the recent corporate insider activity of 44 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.
