Oasis Petroleum Inc. Common Sto (NYSE:OAS):
Oasis to Announce Third Quarter 2016 Results.
The company is so far trading down by -1.20 percent from yesterday’s close.
The stock last traded at $11.48 just a bit higher than $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 by +7.59% whereas the 200 day moving average was up $1.79 or +18.44%.
As of 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. Next quarter’s EPS is estimated at $-0.14 and the next full year EPS is projected to be $-0.35.
A few brokerage firms have released opinions on the stock of late. On October 20, 2016 the stock rating was set at “Overweight” according to a Tudor Pickering report up from the previous “” rating. On October 19 the company was upgraded from “” to “Overweight” by Simmons & Co..
On October 19 the company was rated “Overweight” by Capital One Financial a boost from the previous “” rating. On October 19, 2016 the stock rating was changed to a “Overweight” in a report from PiperJaffray which is up from the previous “” rating.
On October 18 the stock rating was downgraded to “Sell” from “Neutral” and a price target of $8.50 was set in a report issued by Goldman Sachs. Equity analyst Goldman Sachs both downgraded the stock and raised the price target on October 18 changing the price target from $8.00 to $8.50 and setting the rating at “Sell” which had previously been “Neutral”.