Nomura Holdings Reiterates a Hold Rating on Oasis Petroleum Inc.

In a report released today, Lloyd Byrne from Nomura Holdings reiterated a Hold rating on Oasis Petroleum Inc. (NYSE: OAS), with a price target of $10. The company’s shares closed last Friday at $11.47.

According to TipRanks.com, Byrne is a 5-star analyst with an average return of 17.6% and a 81.8% success rate. Byrne covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp., Continental Resources, and Range Resources Corp.

Oasis Petroleum Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $11.56.

The company has a one year high of $14.15 and a one year low of $3.40. Currently, Oasis Petroleum Inc. has an average volume of 11.36M.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Last month, Taylor Reid, a the President & COO of OAS sold 25,000 shares for a total of $235,500.

Oasis Petroleum, Inc. operates as an exploration and production company, which focuses on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota. Currently, it exploits significant resource potential from the Bakken and Three Forks formations, which are present across a substantial portion of its acreage. The company was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.