In a report issued on March 9, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Hold rating on Oasis Petroleum (OAS), with a price target of $1.50. The company’s shares closed last Monday at $0.41, close to its 52-week low of $0.25.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -29.0% and a 21.6% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Extraction Oil & Gas, Matador Resources, and Concho Resources.
Currently, the analyst consensus on Oasis Petroleum is a Moderate Sell with an average price target of $2.00, a 300.0% upside from current levels. In a report issued on March 9, RBC Capital also downgraded the stock to Hold with a $0.50 price target.
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The company has a one-year high of $7.15 and a one-year low of $0.25. Currently, Oasis Petroleum has an average volume of 13.81M.
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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.
