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Oasis Petroleum Inc. (OAS) on Track to Reach $83.00 in a Year

Oasis Petroleum Inc. (NASDAQ: OAS) is 110.85% higher on its value in year-to-date trading and has touched a low of $20.00 and a high of $77.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OAS stock was last observed hovering at around $76.30 in the last trading session, with the day’s gains setting it 1.84% off its average median price target of $83.00 for the next 12 months. It is also 26.97% off the consensus price target high of $107.00 offered by 5 analysts, but current levels are -11.63% lower than the price target low of $70.00 for the same period.

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Currently trading at $78.14, the stock is 13.41% and 24.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 2.41% at the moment leaves the stock 54.99% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $65.44 and a 200-day simple moving average (SMA200) of $39.77.

The stock witnessed a 31.42% In the last 1 month and extending the period to 3 months gives it a 104.07%, and is 8.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.14% over the week and 4.16% over the month.

Oasis Petroleum Inc. (OAS) has around 432 employees, a market worth around $1.56B and $1.08B in sales. Current P/E ratio is 3.20 and Fwd P/E is 6.52. Distance from 52-week low is 290.70% and 1.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-229.30%).

Oasis Petroleum Inc. (OAS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Oasis Petroleum Inc. (OAS) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.40, where 1 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Oasis Petroleum Inc. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at $2.56 with sales reaching $225M over the same period.The EPS is expected to grow by 564.20% this year.

Oasis Petroleum Inc. (OAS) Top Institutional Holders

106 institutions hold shares in Oasis Petroleum Inc. (OAS), with 140.25k shares held by insiders accounting for 0.70% while institutional investors hold 92.18% of the company’s shares. The shares outstanding are 19.99M, and float is at 19.92M with Short Float at 0.72%. Institutions hold 91.53% of the Float.

The top institutional shareholder in the company is JP Morgan Chase & Company with over 2.67 million shares valued at $98.79 million. The investor’s holdings represent 13.27% of the OAS Shares outstanding. As of Dec 30, 2020, the second largest holder is Capital World Investors with 2.09 million shares valued at $77.64 million to account for 10.43% of the shares outstanding. The other top investors are Lord Abbett & Co which holds 1.44 million shares representing 7.17% and valued at over $53.39 million, while Allianz Asset Management GmbH holds 6.96% of the shares totaling 1.4 million with a market value of $51.81 million.

Oasis Petroleum Inc. (OAS) Insider Activity

A total of 4 insider transactions have happened at Oasis Petroleum Inc. (OAS) in the last six months, with sales accounting for 0 and purchases happening 4 times. The most recent transaction is an insider sale by Polito Paula D, the company’s Director. SEC filings show that Polito Paula D sold 32,330 shares of the company’s common stock on Oct 08 at a price of $0.17 per share for a total of $5496.0. Following the sale, the insider now owns 0.0 shares.

Oasis Petroleum Inc. disclosed in a document filed with the SEC on Oct 07 that Hagale John E (Director) sold a total of 120,480 shares of the company’s common stock. The trade occurred on Oct 07 and was made at $0.17 per share for $20482.0. Following the transaction, the insider now directly holds 0.0 shares of the OAS stock.

Still, SEC filings show that on Oct 06, Nusz Thomas B (Chairman and CEO) disposed off 5,700 shares at an average price of $0.18 for $1026.0. The insider now directly holds 0 shares of Oasis Petroleum Inc. (OAS).

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