Oasis Petroleum Inc. (NYSE:OAS) – Equities researchers at Capital One Financial reduced their FY2018 earnings estimates for shares of Oasis Petroleum in a research report issued on Wednesday, November 7th. Capital One Financial analyst P. Johnston now expects that the energy producer will post earnings per share of $0.39 for the year, down from their previous estimate of $0.50.

A number of other equities analysts have also commented on OAS. Stifel Nicolaus set a $10.00 price target on shares of Oasis Petroleum and gave the stock a “hold” rating in a report on Thursday, July 19th. Piper Jaffray Companies reissued a “buy” rating and issued a $26.00 price target on shares of Oasis Petroleum in a report on Friday, July 20th. SunTrust Banks set a $12.00 price target on shares of Oasis Petroleum and gave the stock a “sell” rating in a report on Wednesday, August 8th. Morgan Stanley increased their price target on shares of Oasis Petroleum from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Finally, KLR Group reissued a “buy” rating and issued a $18.00 price target on shares of Oasis Petroleum in a report on Monday, August 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.39.

Shares of NYSE:OAS opened at $9.36 on Friday. The firm has a market capitalization of $3.26 billion, a PE ratio of 468.00, a P/E/G ratio of 1.45 and a beta of 2.22. Oasis Petroleum has a one year low of $7.31 and a one year high of $14.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.48 and a current ratio of 0.59.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The company had revenue of $546.50 million during the quarter, compared to the consensus estimate of $455.65 million. Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. Oasis Petroleum’s revenue for the quarter was up 79.4% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in OAS. Piedmont Investment Advisors LLC boosted its position in Oasis Petroleum by 6.8% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 73,286 shares of the energy producer’s stock valued at $951,000 after buying an additional 4,680 shares during the period. Ashburton Jersey Ltd boosted its position in Oasis Petroleum by 4.9% during the 3rd quarter. Ashburton Jersey Ltd now owns 118,700 shares of the energy producer’s stock valued at $1,683,000 after buying an additional 5,520 shares during the period. Russell Investments Group Ltd. boosted its position in Oasis Petroleum by 28.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 25,567 shares of the energy producer’s stock valued at $334,000 after buying an additional 5,719 shares during the period. Tower Research Capital LLC TRC boosted its position in Oasis Petroleum by 32.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,405 shares of the energy producer’s stock valued at $303,000 after buying an additional 5,794 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in Oasis Petroleum by 96.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 18,268 shares of the energy producer’s stock valued at $2,167,000 after buying an additional 8,990 shares during the period. 97.19% of the stock is currently owned by institutional investors.

About Oasis Petroleum

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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Earnings History and Estimates for Oasis Petroleum (NYSE:OAS)

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