Williams Capital Group Initiates Coverage on Oasis Petroleum to Buy

Williams Capital Group Initiates Coverage on Oasis Petroleum(NYSE:OAS). The shares have been rated Buy. The rating by Williams Capital Group was issued on Aug 29, 2016.

In a different note, On Aug 30, 2016, Seaport Global said it Upgrades its rating on Oasis Petroleum. The shares have been rated ‘Accumulate’ by the firm. On Aug 23, 2016, BMO Capital said it Downgrades its rating on Oasis Petroleum. The shares have been rated ‘Market Perform’ by the firm. On Aug 15, 2016, JP Morgan 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 ‘Overweight’ by the firm. On Aug 5, 2016, Raymond James said it Upgrades its rating on Oasis Petroleum. The shares have been rated ‘Strong Buy’ by the firm. 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.

Oasis Petroleum (OAS) made into the market gainers list on Thursdays trading session with the shares advancing 0.11% or 0.01 points. Due to strong positive momentum, the stock ended at $9.49, which is also near the day’s high of $9.52. The stock began the session at $9.38 and the volume stood at 89,42,619 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 $1,712 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 Aug 12, 2016, Thomas B Nusz (Chairman and CEO) sold 200,000 shares at $8.92 per share price.Also, On May 27, 2016, Taylor L Reid (President and COO) sold 50,000 shares at $10.15 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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