Oasis Petroleum Inc (OAS) was Downgraded to a Hold Rating at Williams Capital

By Carrie Williams

In a report released today, Gabriele Sorbara from Williams Capital downgraded Oasis Petroleum Inc (OASResearch Report) to Hold, with a price target of $5. The company’s shares closed yesterday at $3.83, close to its 52-week low of $3.71.

According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -16.0% and a 27.1% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oasis Petroleum Inc with a $7.50 average price target.

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The company has a one-year high of $14.57 and a one-year low of $3.71. Currently, Oasis Petroleum Inc has an average volume of 10.9M.

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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.