Why Did Oasis Petroleum Stock Rise 9% after 1Q16 Earnings?
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.
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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