Oasis Petroleum (OAS) “Buy” Rating Kept by BMO Capital; With $11.0 Target; Dril-quip (DRQ)’s Sentiment Is 0.85

October 25, 2017 - By Marguerite Chambers

Dril-Quip, Inc. designs, makes, sells and services engineered drilling and production equipment. The company has market cap of $1.52 billion. The Company’s activities are organized into three geographic divisions: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore. It has a 73.92 P/E ratio. The Company’s equipment is suited for use in deepwater, harsh environments and service applications.

Among 33 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 21 have Buy rating, 0 Sell and 12 Hold. Therefore 64% are positive. Oasis Petroleum Inc. has $20 highest and $3 lowest target. $11.77’s average target is 39.95% above currents $8.41 stock price. Oasis Petroleum Inc. had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Sell” rating by Goldman Sachs given on Tuesday, October 18. On Friday, January 8 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm earned “Buy” rating on Tuesday, September 12 by BMO Capital Markets. On Thursday, January 28 the stock rating was downgraded by Wunderlich to “Hold”. The rating was downgraded by Seaport Global to “Neutral” on Wednesday, June 21. The stock of Oasis Petroleum Inc. (NYSE:OAS) has “Buy” rating given on Tuesday, July 18 by Williams Capital Group. The stock of Oasis Petroleum Inc. (NYSE:OAS) earned “Overweight” rating by JP Morgan on Monday, August 15. The firm has “Buy” rating given on Tuesday, May 10 by Jefferies. Piper Jaffray maintained the stock with “Buy” rating in Monday, October 16 report. The firm has “Neutral” rating given on Wednesday, December 21 by Mizuho.

Analysts await Dril-Quip, Inc. (NYSE:DRQ) to report earnings on October, 26. They expect $0.01 EPS, down 97.44% or $0.38 from last year’s $0.39 per share. DRQ’s profit will be $378,109 for 1005.00 P/E if the $0.01 EPS becomes a reality. After $0.09 actual EPS reported by Dril-Quip, Inc. for the previous quarter, Wall Street now forecasts -88.89% negative EPS growth.

Texan Capital Management holds 4.92% of its portfolio in Dril-Quip, Inc. for 150,025 shares. Speece Thorson Capital Group Inc owns 333,597 shares or 3.4% of their US portfolio. Moreover, Birch Run Capital Advisors Lp has 3.33% invested in the company for 158,600 shares. The Texas-based Energy Opportunities Capital Management Llc has invested 3% in the stock. Dean Capital Management, a Kansas-based fund reported 102,469 shares.

About 128,360 shares traded. Dril-Quip, Inc. (DRQ) has declined 8.80% since October 25, 2016 and is downtrending. It has underperformed by 25.50% the S&P500.

Ratings analysis reveals 33% of Dril-Quip’s analysts are positive. Out of 3 Wall Street analysts rating Dril-Quip, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $59.0 while the high is $77.0. The stock’s average target of $68 is 69.15% above today’s ($40.2) share price. DRQ was included in 3 notes of analysts from October 27, 2016. On Monday, January 9 the stock rating was upgraded by Barclays Capital to “Overweight”. The rating was maintained by Howard Weil with “Sector Perform” on Thursday, October 27. The stock has “Neutral” rating by Guggenheim on Wednesday, March 1.

About 3.34M shares traded. Oasis Petroleum Inc. (NYSE:OAS) has risen 26.53% since October 25, 2016 and is uptrending. It has outperformed by 9.83% the S&P500.

Since June 7, 2017, it had 0 insider purchases, and 1 insider sale for $1.78 million activity. Nusz Thomas B sold 187,236 shares worth $1.78 million.

Oasis Petroleum Inc. is an independent exploration and production company. The company has market cap of $2.00 billion. The Firm is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. It currently has negative earnings. The Company’s divisions include Exploration and Production, Well Services, and Midstream Services.