Oasis Petroleum Inc. Common Sto (NYSE:OAS):
Oasis Petroleum Inc. Announces Pricing of Upsized Public Offering of Common Stock.
The company is so far trading down from yesterday’s close of $11.62.
The stock is trading at $11.48 just above $10.67, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $9.69. The 50 day moving average was up $0.81 whereas the 200 day moving average was up $1.79 or +18.44%.
In the last earnings report the EPS was $-0.81 and is estimated to be $-0.63 for the current year with 180,430,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.14 and the next full year EPS is anticipated to be $-0.35.
Several investment firms have provided guidance on the company recently. On October 20, 2016 the stock rating was changed to a “Overweight” by Tudor Pickering up from the previous “” rating. On October 19 the stock rating was upgraded to “Overweight” from “” in a statement from Simmons & Co..
On October 19 the company was set at “Overweight” according to a Capital One Financial report which was a boost from the previous “” rating. On October 19, 2016 the stock rating was rated “Overweight” in a report from PiperJaffray which is up from the previous “” rating.
On October 18 the company was downgraded from “Neutral” to “Sell” and a price target of $8.50 was set by Goldman Sachs. Goldman Sachs both downgraded the stock and raised the price target on October 18 changing the price objective from $8.00 to $8.50 and moving the rating from “Neutral” to “Sell”.