The shares of Oasis Petroleum Inc. (NYSE:OAS) has been pegged with a rating of Equal-Weight by Stephens in its latest research note that was published on December 6th, 2018. The research company has also assigned a $11 price target. Stephens wasn’t the only research firm that published a report of Oasis Petroleum Inc., with other equities research analysts also giving their opinion on the stock. Cowen advised investors in its research note published on November 30th, 2018, to Market Perform the OAS stock. The stock had earned Positive rating from Susquehanna when it published its report on November 15th, 2018. The stock was given Hold rating by SunTrust in its report released on November 7th, 2018. Jefferies was of a view that OAS is Buy in its latest report on October 15th, 2018. Piper Jaffray thinks that OAS is worth Overweight rating. This was contained in the firm’s report on September 28th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $15.50. The price of the stock the last time has dropped by -2.14% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 29.81.
The shares of the company dipped by -7.30% during the trading session on Thursday, reaching a low of $6.45 while ending the day at $6.86. During the trading session, a total of 17.36 million shares were traded which represents a -96.78% decline from the average session volume which is 8.82M shares. OAS had ended its last session trading at 7.40. Oasis Petroleum Inc. currently has a market cap of $2.30B while its P/E earnings growth sits at 1.23, with a beta of 2.27. Oasis Petroleum Inc. debt-to-equity ratio currently stands at 0.75, while its quick ratio hovers at 0.60. OAS 52-week low price stands at $7.01 while its 52-week high price is $14.57.
The company in its last quarterly report recorded $0.08 earnings per share which is below the $0.13 predicted by most analysts. The Oasis Petroleum Inc. generated $546.45 million in revenue during the last quarter, which is slightly higher than the $445.99 million predicted by analysts. In the second quarter last year, the firm recorded $0.10 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -25%. Oasis Petroleum Inc. has the potential to record -1.01 EPS for the current fiscal year, according to equities analysts.
Investment analysts at SunTrust published a research note on October 22nd, 2018 where it informed investors and clients that AbbVie Inc. (NYSE:ABBV) is now rated as Buy. Their price target on the stock stands at $135. Cowen also rated ABBV as Initiated on November 30th, 2018, with its price target of $75 suggesting that ABBV could surge by 10.19% from its current share price. Even though the stock has been trading at $90.55/share, analysts expect it to surge higher by -0.24% to reach $100.58/share. It started the day trading at $90.48 and traded between $87.17 and $90.33 throughout the trading session.
A look at its technical shows that ABBV’s 50-day SMA is 88.59 while its 200-day SMA stands at 96.34. The company’s average trading volume currently stands at 6.38M shares, which means that the short-interest ratio is just 4.76 days. Over the past seven days, the company moved, with its shift of 1.56%. Looking further, the stock has dropped -3.64% over the past 90 days while it lost -9.05% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co sold more ABBV shares, decreasing its portfolio by -9.10% during the last quarter. This move now sees Capital Research Management Co selling -17,628,648 shares in the last quarter, thus it now holds 176,140,207 shares of ABBV, with a total valuation of $13,712,515,115. The Vanguard Group Inc meanwhile bought more ABBV shares in the recently filed quarter, changing its stake to $9,064,913,945 worth of shares. BlackRock Fund Advisors followed the path by decreasing its ABBV portfolio by -0.44% in the quarter. This means that BlackRock Fund Advisors sold -294,438 shares in the last quarter and now controls 66,536,424 shares of the ABBV stock, with the valuation hitting $5,179,860,608.
Similarly, Capital Research Management Co increased its AbbVie Inc. shares by +266.40% during the recently filed quarter. After buying 20,063,435 shares in the last quarter, the firm now controls 27,594,648 shares of AbbVie Inc. which are valued at $2,148,243,347. In the same vein, Capital Research Management Co increased its AbbVie Inc. shares by during the most recent reported quarter. The firm bought 10,858,432 shares during the quarter which increased its stakes to 25,359,025 shares and is now valued at $1,974,200,096. Following these latest developments, around 0.08% of AbbVie Inc. stocks are owned by institutional investors and hedge funds.