Morgan Stanley Reaffirms Their Hold Rating on Oasis Petroleum (OAS)

In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Oasis Petroleum (OAS), with a price target of $0.25. The company’s shares closed last Wednesday at $0.28, close to its 52-week low of $0.25.

According to, McDermott is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.2% and a 32.8% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners, Continental Resources, and Occidental Petroleum.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Oasis Petroleum with a $1.07 average price target, representing a 260.1% upside. In a report issued on March 31, UBS also maintained a Hold rating on the stock with a $0.30 price target.

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Based on Oasis Petroleum’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $484 million and GAAP net loss of $76.41 million. In comparison, last year the company earned revenue of $600 million and had a net profit of $222 million.

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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. The Midstream Services segment performs salt water gathering, disposal services, fresh water services, natural gas gathering and processing as well as crude oil gathering and transportation, and other midstream services for the oil and natural gas wells. The Well Services segment relates to the completion services for the oil and natural gas wells as well as the products sales and equipment rentals. The company was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.

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