What analysts are targeting for Oasis Petroleum
Let’s take a look at the high, low, average, and median analyst target prices for Oasis Petroleum (OAS). OAS’s high target price stands at $20. Its low target price is $11, and its median target price is $8.25.
Oasis Petroleum’s stock price on July 21, 2016, was $8.37. Compared to its current level, Oasis Petroleum’s consensus target price of $11 indicates a return of ~31% over the next 12 months.
In comparison, Oasis Petroleum’s peer Whiting Petroleum (WLL) has an implied return of 56% over the next 12 months from median analyst targets. These companies make up 4% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). They make up ~1% of the iShares US Oil & Gas Exploration & Production ETF (IEO).