Susquehanna Thinks Oasis Petroleum Inc’s Stock is Going to Recover

In a report released today, Biju Perincheril from Susquehanna upgraded Oasis Petroleum Inc (OAS) to Buy, with a price target of $13. The company’s shares closed yesterday at $8.27, close to its 52-week low of $7.31.

According to TipRanks.com, Perincheril is a 4-star analyst with an average return of 7.1% and a 47.6% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Continental Resources, and Range Resources Corp.

Currently, the analyst consensus on Oasis Petroleum Inc is a Strong Buy with an average price target of $16.22, a 96.1% upside from current levels. In a report issued on November 6, Williams Capital also reiterated a Buy rating on the stock with a $17 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $14.57 and a one-year low of $7.31. Currently, Oasis Petroleum Inc has an average volume of 7.78M.

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.