FY2017 EPS Estimates for Oasis Petroleum Inc. Increased by Analyst (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for shares of Oasis Petroleum in a note issued to investors on Thursday. Jefferies Group analyst M. Hsu now expects that the energy producer will earn ($0.12) per share for the year, up from their previous forecast of ($0.15). Jefferies Group has a “Buy” rating and a $13.00 price objective on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.02) EPS.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million for the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The business’s quarterly revenue was up 71.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) earnings per share.
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A number of other research firms have also weighed in on OAS. Cowen and Company restated a “buy” rating and issued a $12.00 target price on shares of Oasis Petroleum in a report on Friday, November 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Oasis Petroleum in a research note on Thursday, November 9th. KeyCorp reissued an “overweight” rating on shares of Oasis Petroleum in a research report on Wednesday, November 8th. Evercore ISI raised shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets set a $11.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.27.
Oasis Petroleum (OAS) opened at $9.72 on Monday. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $17.08. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.
Hedge funds have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA purchased a new stake in shares of Oasis Petroleum during the second quarter worth approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Oasis Petroleum by 103.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after acquiring an additional 7,720 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Oasis Petroleum in the third quarter valued at approximately $142,000. Teacher Retirement System of Texas boosted its holdings in shares of Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after acquiring an additional 1,100 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of Oasis Petroleum by 14.1% during the second quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.
About Oasis Petroleum
Oasis Petroleum Inc is an independent exploration and production company. The Company 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. Its segments include Exploration and Production, Well Services, and Midstream Services.
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