In a report issued on April 14, Brad Heffern from RBC Capital maintained a Hold rating on Oasis Petroleum (OAS), with a price target of $0.50. The company’s shares closed last Thursday at $0.26, close to its 52-week low of $0.25.
According to TipRanks.com, Heffern is a 1-star analyst with an average return of -3.2% and a 40.5% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Continental Resources, Par Pacific Holdings, and Extraction Oil & Gas.
Currently, the analyst consensus on Oasis Petroleum is a Moderate Sell with an average price target of $1.07, representing a 269.1% 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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The company has a one-year high of $7.16 and a one-year low of $0.25. Currently, Oasis Petroleum has an average volume of 17.69M.
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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.