BMO Capital Reiterates a Hold Rating on Oasis Petroleum Inc.

By Ryan Adsit

In a report released yesterday, Dan McSpirit from BMO Capital reiterated a Hold rating on Oasis Petroleum Inc. (NYSE: OAS), with a price target of $13. The company’s shares closed yesterday at $10.81.

According to, McSpirit is a 4-star analyst with an average return of 3.7% and a 59.6% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rosetta Resources Inc., and Range Resources Corp.

Currently, the analyst consensus on Oasis Petroleum Inc. is Moderate Buy and the average price target is $12, representing an 11.0% upside.

In a report released yesterday, Canaccord Genuity also reiterated a Hold rating on the stock with a $9.50 price target.

The company has a one year high of $12.75 and a one year low of $3.40. Currently, Oasis Petroleum Inc. has an average volume of 13.07M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Last month, Spo Advisory Corp, a Major Shareholder at OAS sold 2,975,700 shares for a total of $34,403,578.

Oasis Petroleum, Inc. operates as an exploration and production company, which focuses on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota. Currently, it exploits significant resource potential from the Bakken and Three Forks formations, which are present across a substantial portion of its acreage. The company was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.