What’s The Outlook For The Oasis Petroleum Inc. (OAS)?

Oasis Petroleum Inc. (NYSE:OAS) stock is presently standing at about $8.49 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 35 analysts covering the company is $16.00, which suggests the stock could still rise over 47 percent. The highest analyst price target is $23.00, which implies a rally of -71 percent. And a quick view of analyst notes show that 15 are rating the stock a buy while 9 rate OAS a strong buy. There are 11 equity research firms advocating a Hold and 0 consider it Sell.

Seaport Global Securities analysts provided their view on Oasis Petroleum Inc. (NYSE:OAS) recently. The rating firm issued a Neutral rating to this company in a research note released on Jun 21, 2017. BofA/Merrill analysts disclosed their opinion on Oasis Petroleum Inc. (NYSE:OAS) recently. The rating firm gave a Neutral rating to this stock in a research note published on May 11, 2017. According to a research note disclosed on May 03, 2017, analysts at SunTrust have upped their rating on these shares from Hold to Buy.

Oasis Petroleum Inc. (NYSE:OAS) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Chairman and CEO Nusz Thomas B Sold 1,382,310 company shares for 776,400, in a transaction on Jun 08. Following the transaction, the Chairman and CEO is left with a stake of 87,236 shares, currently valued at $740,634. Meanwhile, Chairman and CEO Nusz Thomas B sold 1,469,546 shares worth $1,003,000, through a transaction dated Jun 07. Following the completion of the transaction, the insider is left with a stake of 100,000 shares, amounting $849,000. OAS Director Hagale John E also purchased 44,100 shares, at a stock price of $14.05. This transaction occurred on Feb 24 totals $210,750. After this transaction, the insider’s stake stands at 15,000 shares, with a market value of $127,350.

Executives hold 2.63 percent of the stock. DIMENSIONAL FUND ADVISORS LP is one of the biggest insider owners in Oasis Petroleum Inc. (NYSE:OAS), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 19,887,696 shares which have current market value of around $168,846,539.VANGUARD GROUP INC is another major inside shareholder in the company. The insider owns 19,396,245 shares as of 03/31/2017, currently worth $164,674,120. BLACKROCK INC. is ranked as third insider holder of the stock. This insider holds 15,805,277 shares with a market value around $134,186,802 as of recent close.

Oasis Petroleum Inc. (NYSE:OAS) Earnings Outlook

In Oasis Petroleum Inc. (NYSE:OAS)’s latest quarter, EPS moved to $-0.05 from $-0.08 in preceding quarter and revenues reached at $285.12M compared to $217.99M. Analysts had expected Oasis Petroleum Inc. (NYSE:OAS) to post net income of about $-0.07 per share on $252.12M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $-0.15 to $0.06. That is compared with the $-0.11 in EPS it reported during the same period a year ago.