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What Are Wall Street’s Forecasts for Oasis Petroleum?

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Nov. 20 2020, Updated 5:15 p.m. ET

Consensus ratings for Oasis Petroleum

Approximately 58% of analysts have rated Oasis Petroleum (OAS) as a “buy” and ~39% have rated it as a “hold.” The average broker target price of $17.07 for OAS implies a return of ~24% over the next 12 months. Oasis Petroleum’s (OAS) high target price stands at $22, and its low target price is ~$11.

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Recent upgrades and downgrades

On January 9, 2017, Macquarie upgraded its rating for OAS from “neutral” to “outperform.” Williams Capital Group downgraded its rating for OAS from “buy” to “hold” on January 3, 2017.

OAS’s peer Whiting Petroleum (WLL) was recently downgraded by Wells Fargo. On December 16, 2016, Wells Fargo downgraded its rating for WLL from “outperform” to “market perform.” Stifel upgraded its rating for WLL from “hold” to “buy” on December 1.

Continental Resources (CLR) was also recently downgraded by Deutsche Bank and J.P. Morgan (JPM). On December 8, Deutsche Bank (DB) downgraded its rating for CLR from “buy” to “hold.” On the same day, JPMorgan Chase downgraded its rating for CLR from “overweight” to “neutral.”

Wall Street’s forecasts for 4Q16

For 4Q16, analysts project an average earnings estimate of -$0.12 per share for OAS. The low estimate stands at around -$0.17 per share, and the high estimate stands at -$0.09 per share.

The average revenue estimate for OAS is ~$204 million for 4Q16, whereas the low revenue estimate stands at ~$170 million. The high revenue estimate stands at ~$237 million. For more information, please read Oasis Petroleum Stock Rose ~5% after Its 3Q16 Earnings to see how OAS performed in 3Q16.

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