Oasis Petroleum (NYSE:OAS) Rating Cut
In a report shared with investors and clients on 12 December, SunTrust lowered shares of Oasis Petroleum (NYSE:OAS) to Hold rating from Buy rating.
This rating downgrade was most probably noticed by stock investors, as NYSE:OAS is right now trading -4.17% lower at $9.64 as of 8:15 AM New York time. Oasis Petroleum shares have [From2] 0% in the last 200 days, while the S&P500 has surged 6.00% in the same time period.
According to data compiled by Thomson Reuters, Oasis Petroleum (NYSE:OAS)’s stock is covered by 32 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $11.16, which reflects an upside potential of 15.77% over the current price.
Spo Advisory Corp had the most significant stake with ownership of 19.91 million shares as of q2 2015 for 4.01% of the fund portfolio. Caymus Capital Partners L.P. is another quite bullish investment professional who is possessing 2.33 million shares of Oasis Petroleum or 3.12% of their fund portfolio. Also, Tph Asset Management Llc have 2.61% of their fund portfolio invested in the company for 2.30 million shares. The Washington-based fund Columbia Pacific Advisors Llc disclosed it had purchased 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 fund 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 -4.17% on 12 December, hitting $9.64. A total of 441,445 shares of the company’s stock traded hands. This is down from average of 8.00M shares. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $17.08. The company has a market cap of $2.29B and a P/E ratio of 0.
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