Williams Capital Reiterates Their Hold Rating on Oasis Petroleum Inc

By Jason Carr

In a report released today, Gabriele Sorbara from Williams Capital reiterated a Hold rating on Oasis Petroleum Inc (NYSE: OAS), with a price target of $15. The company’s shares closed last Friday at $11.82.

According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -4.6% and a 44.3% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Rosetta Resources Inc, Gulfport Energy Corp, and Gastar Exploration.

Oasis Petroleum Inc has an analyst consensus of Moderate Buy, with a price target consensus of $17.

The company has a one year high of $17.08 and a one year low of $6.56. Currently, Oasis Petroleum Inc has an average volume of 8.65M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OAS in relation to earlier this year.

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Oasis Petroleum, Inc. engages in the business of acquisition, development and exploration. It focuses on oil and natural gas properties of Williston Basin. It operates through the following segments: Exploration and Production, Midstream Services, and Well Services. The Exploration and Production segment refers to the sale of oil, and natural gas production. The Midstream Services segment performs salt water gathering, disposal services, fresh water services, natural gas gathering and processing as well as crude oil gathering and transportation, and other midstream services for the oil and natural gas wells. The Well Services segment relates to the completion services for the oil and natural gas wells as well as the products sales and equipment rentals. The company was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.