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Oasis Petroleum (NYSE:OAS) Given The Better Buy Rating at SunTrust. No Longer Has Hold Rating

SunTrust Analyst Rating Change Oasis Petroleum NYSE:OAS

Oasis Petroleum (NYSE:OAS) Rating Upgrade

Oasis Petroleum (NYSE:OAS)’s rating was increased by research analysts at SunTrust from a Hold rating to a Buy rating in analysts report sent to clients and investors on Wednesday morning.

Out of 32 brokers covering Oasis Petroleum, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $20 and the lowest is $6 according to Thomson/First Call. The 12-month mean target is $11.16, which means downside potential of 4.12% over the current price.

Institutional Ownership

Spo Advisory Corp had the most significant stake with ownership of 19.91M shares as of Q2 2015 for 4.01% of the portfolio. Caymus Capital Partners L.P. is another quite bullish investment professional who is owning 2.33M shares of Oasis Petroleum or 3.12% of their portfolio. Moreover, Tph Asset Management Llc have 2.61% of their portfolio invested in the company for 2.30M shares. The Washington-based fund Columbia Pacific Advisors Llc disclosed it had purchased so far a stake worth about 2.43% of the investment professional’s stock portfolio in Oasis Petroleum. The California-based fund Cambrian Capital Limited Partnership is also positive about the stock, possessing 337,607 shares or 1.84% of their portfolio.

Oasis Petroleum (NYSE:OAS) Profile

Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.

Oasis Petroleum (NYSE:OAS) traded down -2.27% on 3 May, hitting $11.64. A total of 6,016 shares of the company’s stock traded hands. This is down from average of 8.30M shares. Oasis Petroleum has a 52 week low of $6.56 and a 52 week high of $17.08. The company has a market cap of $2.76B and a P/E ratio of 0.

Get the latest Oasis Petroleum (NYSE:OAS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Oasis Petroleum (NYSE:OAS) Given The Better Buy Rating at SunTrust. No Longer Has Hold Rating appeared first on Octafinance.

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Oasis Petroleum (NYSE:OAS) Given The Better Buy Rating at SunTrust. No Longer Has Hold Rating


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