Oasis Petroleum Inc. (NASDAQ:OAS – Get Rating)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $121.65, but opened at $106.87. Oasis Petroleum shares last traded at $101.39, with a volume of 9,018 shares changing hands.
A number of research firms recently weighed in on OAS. Truist Financial lifted their price objective on shares of Oasis Petroleum from $207.00 to $225.00 in a research report on Thursday, April 21st. Piper Sandler lifted 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. Wells Fargo & Company raised their target price on Oasis Petroleum from $138.00 to $157.00 and gave the company an “equal weight” rating in a report on Monday, March 14th. Finally, MKM Partners lifted their price target on Oasis Petroleum from $170.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, March 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.50.
The stock has a market cap of $2.15 billion, a PE ratio of 2.63 and a beta of 1.37. The business has a 50-day moving average of $145.36 and a 200 day moving average of $140.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.06.
The business also recently disclosed a dividend, which will be paid on Friday, July 8th. Investors of record on Wednesday, June 29th will be given a dividend of $15.00 per share. The ex-dividend date of this dividend is Friday, July 1st. This is a boost from Oasis Petroleum’s previous dividend of $2.94. Oasis Petroleum’s dividend payout ratio (DPR) is currently 5.64%.
In other Oasis Petroleum news, Director Samantha Holroyd sold 1,500 shares of Oasis Petroleum stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $165.00, for a total value of $247,500.00. Following the completion of the sale, the director now owns 14,000 shares in the company, valued at approximately $2,310,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. First Quadrant L P CA acquired a new position in shares of Oasis Petroleum in the 4th quarter valued at approximately $41,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Oasis Petroleum during the 1st quarter valued at approximately $78,000. Captrust Financial Advisors raised its position in shares of Oasis Petroleum by 209.7% during the 1st quarter. Captrust Financial Advisors now owns 700 shares of the company’s stock valued at $102,000 after acquiring an additional 474 shares in the last quarter. CWM LLC acquired a new stake in shares of Oasis Petroleum during the 4th quarter valued at approximately $107,000. Finally, Sagefield Capital LP acquired a new stake in shares of Oasis Petroleum during the 1st quarter valued at approximately $108,000. Institutional investors and hedge funds own 90.36% of the company’s stock.
About Oasis Petroleum (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.
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Source: defenseworld.net
