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Zacks cut shares of Oasis Petroleum (NYSE:OAS) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has $44.90 price target on the stock.
A number of other firms have also recently commented on OAS. Analysts at BMO Capital Markets reiterated a hold rating on shares of Oasis Petroleum in a research note to investors on Tuesday, July 16th. They now have a $40.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Oasis Petroleum from $40.00 to $42.00 in a research note to investors on Tuesday, July 16th.
Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $43.23.
Oasis Petroleum (NYSE: OAS) traded down 0.20% on Wednesday, hitting $40.73. Oasis Petroleum has a 52-week low of $24.75 and a 52-week high of $42.89. The stock’s 50-day moving average is currently $40.67. The company has a market cap of $3.811 billion and a price-to-earnings ratio of 20.01.
Oasis Petroleum Inc is an exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin.Image may be NSFW.
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