Morgan Stanley Keeps Their Hold Rating on Oasis Petroleum Inc (OAS)

By Carrie Williams

In a report released today, Drew Venker from Morgan Stanley maintained a Hold rating on Oasis Petroleum Inc (OASResearch Report), with a price target of $3.80. The company’s shares closed last Monday at $3.20, close to its 52-week low of $2.41.

According to TipRanks.com, Venker ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.9% and a 40.5% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Range Resources Corp.

Oasis Petroleum Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.98.

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The company has a one-year high of $14.03 and a one-year low of $2.41. Currently, Oasis Petroleum Inc has an average volume of 11.96M.

Based on the recent corporate insider activity of 41 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Oasis Petroleum, Inc. engages in the acquisition, development, and exploration of onshore, unconventional oil and natural gas resources. It operates through the following business segments: Exploration and Production, Midstream Services, and Well Services. The Exploration and Production segment refers to the sale of oil, and natural gas production.