Oasis Petroleum Inc. (NYSE:OAS) – KeyCorp boosted their FY2018 earnings estimates for shares of Oasis Petroleum in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the energy producer will post earnings per share of $0.13 for the year, up from their previous forecast of $0.09. KeyCorp currently has a “Overweight” rating on the stock.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.19) earnings per share.

A number of other research analysts have also recently commented on OAS. BidaskClub cut Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Royal Bank of Canada set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a research note on Thursday, August 24th. Jefferies Group set a $13.00 target price on Oasis Petroleum and gave the company a “buy” rating in a research note on Tuesday, August 29th. Stifel Nicolaus reissued a “hold” rating and issued a $11.00 target price on shares of Oasis Petroleum in a research note on Sunday, September 3rd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Oasis Petroleum in a research note on Saturday, September 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.50.

Oasis Petroleum (NYSE OAS) traded down $0.23 on Wednesday, reaching $8.10. The company had a trading volume of 45,951,700 shares, compared to its average volume of 9,095,748. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a 1-year low of $6.69 and a 1-year high of $16.73.

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the 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 completion of the sale, the vice president now directly owns 182,351 shares in the company, valued at $1,599,218.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Oasis Petroleum by 0.6% in the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock worth $157,152,000 after buying an additional 125,706 shares during the period. State Street Corp increased its stake in shares of Oasis Petroleum by 24.3% during the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after purchasing an additional 1,931,992 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Oasis Petroleum by 4.1% during the second quarter. Alliancebernstein L.P. now owns 6,855,946 shares of the energy producer’s stock valued at $55,190,000 after purchasing an additional 270,140 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Oasis Petroleum by 10.0% during the third quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock valued at $57,743,000 after purchasing an additional 576,272 shares in the last quarter. Finally, Caymus Capital Partners L.P. increased its stake in shares of Oasis Petroleum by 50.2% during the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock valued at $50,229,000 after purchasing an additional 2,086,400 shares in the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

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Oasis Petroleum Company Profile

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.

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

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