Mizuho Securities Reiterates Buy as Oasis Petroleum (OAS) Announces $785M Acquisition

KLR Group Raises Price Target on Oasis Petroleum (OAS) Following Williston Basin Acquisition

October 19, 2016 8:21 AM EDT

KLR Group reiterated a Buy rating on Oasis Petroleum (NYSE: OAS), and raised the price target to $18.00 (from $17.00), following the company's announced Williston Basin acquisition. The acquisition includes ~12.4 Mboepd of production and ~226 gross operated locations. To partly fund the acquisition, OAS priced ~55.2 mm shares, representing... More

Jefferies Raises Price Target as Oasis Petroleum (OAS) Announces Williston Basin Acquisition

October 19, 2016 8:05 AM EDT

Jefferies reiterated a Buy rating on Oasis Petroleum (NYSE: OAS), and raised the price target to $16.00 (from $15.00), following the company's announced acquisition of producing properties and acreage in the Williston Basin. OAS has agreed to purchase 55k net acres with 12.4 Mboe/d of current... More

Oasis Petroleum (OAS) Prices Upsized 48M Offering of Common Stock for Proceeds of $518.4M

October 18, 2016 9:25 AM EDT

Oasis Petroleum Inc. (NYSE: OAS) announced today that it has priced an upsized underwritten public offering of 48,000,000 shares of common stock for total gross proceeds (before the underwriters' discounts and commissions and estimated offering expenses) of approximately $518.4 million. The Company intends to... More

Oasis Petroleum (OAS) Announces 40M Share Common Stock Offering

October 18, 2016 6:50 AM EDT

Oasis Petroleum Inc. (NYSE: OAS) announced that it has commenced an underwritten public offering of 40,000,000 shares of common stock. Oasis expects to grant the underwriters a 30-day option to purchase up to 6,000,000 additional shares of common stock. The Company intends to use the net proceeds from this offering to fund a portion of the... More

Oasis Petroleum (OAS) Announces $785M Williston Basin Acreage Acquisition; Issues Financial, Operational Updates

October 18, 2016 6:43 AM EDT

Oasis Petroleum Inc. (NYSE: OAS) announced:

Select operational results, preliminary financial results for the third quarter of 2016, and an update to full year 2016 guidanceThe acquisition of approximately 55,000 net acres in the heart of the Williston BasinThe redetermination of its borrowing base, which remained unchanged at $1,150 million, and liquidity outlookUpdate on hedging activityConference call to discuss this press release as well as upcoming conference appearances

Third Quarter 2016 Highlights and Update to Full Year 2016 Guidance

Average daily production of 48,509 barrels of oil equivalent per day ("Boepd")... More

Goldman Sachs Downgrades Oasis Petroleum (OAS) to Sell

October 18, 2016 6:42 AM EDT

Goldman Sachs downgraded Oasis Petroleum (NYSE: OAS) from Neutral to Sell with a price target of $8.50.

For an analyst ratings summary and ratings history on Oasis Petroleum click here. For more ratings news on Oasis Petroleum click here.

Shares of Oasis Petroleum closed at $11.23 yesterday.

... More