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Analysts’ Recommendations for Oasis Petroleum after 1Q16 Results

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Analyst recommendations for Oasis Petroleum

Following Oasis Petroleum’s (OAS) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.

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Consensus rating for Oasis Petroleum

Approximately 41.7% of analysts gave OAS a “buy” recommendation, and 58.3% rated it a “hold.” The average broker target price of $9.85 for OAS implies a return of around 4% over the next 12 months.

Upstream peers Whiting Petroleum (WLL), PDCE Energy (PDCE), and EP Energy (EPE) have average broker target prices of ~$13.72, $70.70, and ~$4.40, respectively. These figures imply returns of 27%, ~17%, and -22%, respectively, in the next 12 months.

The high, low, and median analyst target prices for Oasis Petroleum are $20, $4, and $10, respectively. Oasis Petroleum is a component of the iShares US Oil & Gas Exploration & Production ETF (IEO). IEO invests ~0.4% of its portfolio in Oasis Petroleum.

Analyst target prices for OAS

Tudor, Pickering, Holt & Co. gave OAS one of the most optimistic target prices of $20, implying a return of around 111% in the next 12 months.

Raymond James and Jefferies also gave OAS optimistic target prices of $12 each, implying a return of around 27% in the next 12 months.

RBC Capital Markets and Evercore ISI gave OAS target prices of $11 each, implying a return of ~16% in the next 12 months.

Capital One Securities gave OAS a lower target price of $10, implying a return of around ~5.7% in the next 12 months.

UBS (OUBS) gave OAS a lower target price of $9, implying a return of around -5% in the next 12 months.

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