Analysts Offer Insights on Materials Companies: Oasis Petroleum Inc (NYSE: OAS) and Olympic Steel (NASDAQ: ZEUS)

By Ryan Adsit

Analysts fell to the sidelines weighing in on Oasis Petroleum Inc (NYSE:OAS) and Olympic Steel (NASDAQ:ZEUS) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Oasis Petroleum Inc (OAS)

In a report issued on July 9, Mark Lear from Jefferies reiterated a Hold rating on Oasis Petroleum Inc, with a price target of $13. The company’s shares closed yesterday at $12.55.

According to TipRanks.com, Lear is a 3-star analyst with an average return of 2.8% and a 54.1% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.

Currently, the analyst consensus on Oasis Petroleum Inc is a Moderate Buy with an average price target of $14.79, representing a 17.8% upside. In a report issued on July 9, Susquehanna also upgraded the stock to Hold with a $14 price target.

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Olympic Steel (ZEUS)

Jefferies analyst Seth Rosenfeld reiterated a Hold rating on Olympic Steel on July 10 and set a price target of $22.50. The company’s shares closed yesterday at $22.37.

According to TipRanks.com, Rosenfeld is a 4-star analyst with an average return of 14.2% and a 70.2% success rate. Rosenfeld covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, Reliance Steel, and Nucor Corp.

Olympic Steel has an analyst consensus of Hold, with a price target consensus of $22.50.

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