Oasis Petroleum Inc. Common Sto (NYSE:OAS):
Oasis Petroleum Inc. Announces Public Offering of Common Stock.
The company is now down from yesterday’s close of $11.62.
Shares of the company are trading at $11.48 which is slightly above the 50 day moving average which is $10.67 and just a bit higher than the 200 day moving average of $9.69. The 50 day moving average was up $0.81 or +7.59% and the 200 day average was up $1.79.
In 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. Next quarter’s EPS is forecasted at $-0.14 and the next full year EPS is projected to be $-0.35.
Several brokerage analysts have issued ratings on the stock of late. On October 20 the stock rating was upgraded to “Overweight” from “” in a report from Tudor Pickering. On October 19, 2016 the stock rating was rated “Overweight” in a report from Simmons & Co. up from the previous “” rating.
On October 19 the company was changed to a “Overweight” by Capital One Financial which was a boost from the previous “” rating. On October 19 the company was set at “Overweight” according to a PiperJaffray report a boost 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 analysts at Goldman Sachs. Goldman Sachs raised the price target and downgraded the stock on October 18 changing the price target from $8.00 to $8.50 and setting the rating at “Sell” which had previously been “Neutral”.