Raymond James Upgrades Oasis Petroleum to Strong Buy

Brokerage firm Raymond James Upgrades its rating on Oasis Petroleum(NYSE:OAS). The shares have been rated Strong Buy. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Aug 5, 2016.

In a different note, On Aug 1, 2016, Susquehanna said it Upgrades its rating on Oasis Petroleum. The shares have been rated ‘Positive’ by the firm. On Jul 13, 2016, Ladenburg Thalmann said it Assumes its rating on Oasis Petroleum. The shares have been rated ‘Buy’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Oasis Petroleum. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Hold’ by the firm. Piper Jaffray said it Initiates Coverage on Oasis Petroleum, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Neutral’ by the firm. On Jun 7, 2016, Seaport Global said it Downgrades its rating on Oasis Petroleum. The shares have been rated ‘Neutral’ by the firm. On Jun 3, 2016, Citigroup said it Maintains its rating on Oasis Petroleum. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Buy’ by the firm.

Oasis Petroleum (OAS) made into the market gainers list on Wednesdays trading session with the shares advancing 2.74% or 0.26 points. Due to strong positive momentum, the stock ended at $9.74, which is also near the day’s high of $9.82. The stock began the session at $9.41 and the volume stood at 1,05,63,045 shares. The 52-week high of the shares is $14.1497 and the 52 week low is $3.395. The company has a current market capitalization of $1,757 M and it has 18,04,30,790 shares in outstanding.

Oasis Petroleum(OAS) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $179.08M. Analysts had an estimated revenue of $183.59M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.15.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Taylor L Reid (President and COO) sold 50,000 shares at $10.15 per share price.Also, On Dec 28, 2015, Thomas B Nusz (Chairman and CEO) sold 200,000 shares at $7.76 per share price.On Mar 6, 2015, Michael Mcshane (director) purchased 50,000 shares at $12.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The Company’s core projects include Williston Basin West Williston East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons including the Bakken Three Forks Madison and Red River formations. The Company controls 357584 net acres in the West Williston project area. The Company controls 147919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.

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