Oasis Petroleum Inc. Announces Public Offering of Common Stock

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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

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

October 18, 2016 9:42 AM EDT

Mizuho Securities reiterated a Buy rating and $17.00 price target on Oasis Petroleum (NYSE: OAS) following the company's announcement of a $785 million acquisition of 55,000 net acres with ~12.4 mboe/d of production and 92 net "core" locations. Today's acquisition is an important step to backfill inventory.

Analyst... 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