Shares of Oasis Petroleum Inc. (NASDAQ:OAS – Get Rating) were down 8.9% during trading on Friday . The stock traded as low as $138.22 and last traded at $138.22. Approximately 6,906 shares changed hands during trading, a decline of 98% from the average daily volume of 333,540 shares. The stock had previously closed at $151.73.
Several analysts recently commented on OAS shares. Piper Sandler increased their price objective on shares of Oasis Petroleum to $225.00 and gave the company a “na” rating in a research report on Wednesday, May 18th. Truist Financial increased their price objective on shares of Oasis Petroleum from $207.00 to $225.00 in a research report on Thursday, April 21st. Wells Fargo & Company increased their price objective on shares of Oasis Petroleum from $138.00 to $157.00 and gave the company an “equal weight” rating in a research report on Monday, March 14th. Royal Bank of Canada raised their price target on shares of Oasis Petroleum from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 1st. Finally, TheStreet raised shares of Oasis Petroleum from a “d+” rating to a “c-” rating in a report on Thursday, February 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Oasis Petroleum has an average rating of “Buy” and an average price target of $188.50.
The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.69 billion, a PE ratio of 3.66 and a beta of 1.37. The business’s fifty day moving average is $149.36 and its 200-day moving average is $139.74.
The company also recently announced a dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a dividend of $2.94 per share. The ex-dividend date was Tuesday, May 31st. Oasis Petroleum’s payout ratio is 5.64%.
In other news, Director Samantha Holroyd sold 1,500 shares of Oasis Petroleum stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $165.00, for a total transaction of $247,500.00. Following the sale, the director now owns 14,000 shares in the company, valued at $2,310,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.63% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. First Quadrant L P CA purchased a new position in shares of Oasis Petroleum in the fourth quarter valued at $41,000. Fieldpoint Private Securities LLC purchased a new position in Oasis Petroleum during the first quarter worth $78,000. Monolith Advisors purchased a new position in Oasis Petroleum during the fourth quarter worth $80,000. Captrust Financial Advisors boosted its stake in Oasis Petroleum by 209.7% during the first quarter. Captrust Financial Advisors now owns 700 shares of the company’s stock worth $102,000 after buying an additional 474 shares during the period. Finally, CWM LLC purchased a new position in Oasis Petroleum during the fourth quarter worth $107,000. Hedge funds and other institutional investors own 90.36% of the company’s stock.
Oasis Petroleum Company Profile (NASDAQ:OAS)
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the United States. It engages in the acquisition and development of oil and gas properties. As of December 31, 2021, the company had 492,355 net leasehold acres in the Williston Basin.
See Also
Receive News & Ratings for Oasis Petroleum Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Oasis Petroleum and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
