Williams Capital analyst Gabriele Sorbara maintained a Buy rating on Oasis Petroleum Inc (OAS) today and set a price target of $11. The company’s shares closed yesterday at $6.32, close to its 52-week low of $6.26.
According to TipRanks.com, Sorbara has 0 stars on 0-5 star ranking scale with an average return of -8.0% and a 35.4% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Carrizo Oil & Gas.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oasis Petroleum Inc with a $14.83 average price target, which is a 134.7% upside from current levels. In a report issued on December 7, J.P. Morgan also maintained a Buy rating on the stock with a $9 price target.
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The company has a one-year high of $14.57 and a one-year low of $6.26. Currently, Oasis Petroleum Inc has an average volume of 9.23M.
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.
