In a report issued on August 19, Gabriele Sorbara from Williams Capital maintained a Hold rating on Oasis Petroleum Inc (OAS), with a price target of $4. The company’s shares closed last Monday at $3.34, close to its 52-week low of $2.41.
According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -14.9% and a 29.3% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oasis Petroleum Inc with a $5.91 average price target, a 71.3% upside from current levels. In a report issued on August 7, Evercore ISI also maintained a Hold rating on the stock with a $9 price target.
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Based on Oasis Petroleum Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $42.76 million. In comparison, last year the company had a GAAP net loss of $320 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OAS in relation to earlier this year.
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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.
