Oasis Petroleum Inc. Common Sto (NYSE:OAS):
Oasis Petroleum Inc. Announces the Acquisition of Approximately 55,000 Net Acres in the Williston Basin and Provides Financial, Operational and Guidance Updates.
The company is now down since yesterday’s close of $11.62.
The stock last traded at $11.48 marginally over $10.67, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $9.69. The 50 day moving average went up $0.81 or +7.59% and the 200 day average went up $1.79 or +18.44%.
As of the latest earnings report the EPS was $-0.81 and is projected to be $-0.63 for the current year with 180,430,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.14 with next year’s EPS anticipated to be $-0.35.
Investment firms have released ratings on the stock recently. On October 20 the company was rated “Overweight” in a report from Tudor Pickering which is up from the previous “” rating. On October 19, 2016 the stock rating was set at “Overweight” according to a Simmons & Co. report up from the previous “” rating.
On October 19 the company was upgraded to “Overweight” from “” in a report issued by Capital One Financial. On October 19 the stock rating was upgraded from “” to “Overweight” in a statement from PiperJaffray.
On October 18 the company was downgraded to “Sell” from “Neutral” with a current price target of $8.50 by analysts at Goldman Sachs. Equity analyst Goldman Sachs raised the price target and downgraded the stock on October 18 changing the price target from $8.00 to $8.50 and altering the rating from “Neutral” to “Sell”.