Morgan Stanley’s Outlook for This Canada’s Energy Sector Company

By Austin Angelo

Morgan Stanley analyst Drew Venker maintained a Hold rating on Oasis Petroleum Inc (OASResearch Report) today and set a price target of $4.00. The company’s shares closed last Monday at $3.24, close to its 52-week low of $2.41.

According to, Venker is ranked 0 out of 5 stars with an average return of -13.2% and a 38.8% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Gulfport Energy Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oasis Petroleum Inc with a $5.00 average price target.

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The company has a one-year high of $12.85 and a one-year low of $2.41. Currently, Oasis Petroleum Inc has an average volume of 11.97M.

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.

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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.