KeyCorp Weighs in on Oasis Petroleum Inc.’s Q1 2018 Earnings (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Analysts at KeyCorp issued their Q1 2018 earnings per share estimates for Oasis Petroleum in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum forecasts that the energy producer will post earnings per share of $0.02 for the quarter. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for Oasis Petroleum’s Q3 2018 earnings at $0.04 EPS, FY2018 earnings at $0.15 EPS and FY2019 earnings at $0.55 EPS.
Other equities research analysts also recently issued reports about the company. Piper Jaffray Companies set a $15.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, December 14th. Jefferies Group set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday, December 13th. Royal Bank of Canada restated a “buy” rating and set a $14.00 price objective on shares of Oasis Petroleum in a report on Wednesday, December 13th. Cowen restated a “buy” rating and set a $12.00 price objective on shares of Oasis Petroleum in a report on Friday, November 10th. Finally, Raymond James Financial set a $14.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.73.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, February 27th. The energy producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $404.47 million for the quarter, compared to the consensus estimate of $328.78 million. Oasis Petroleum had a return on equity of 0.17% and a net margin of 9.92%.
Several hedge funds and other institutional investors have recently modified their holdings of OAS. Raymond James Trust N.A. bought a new stake in shares of Oasis Petroleum in the 4th quarter valued at approximately $108,000. Cerebellum GP LLC bought a new stake in shares of Oasis Petroleum in the 4th quarter valued at approximately $129,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Oasis Petroleum by 103.7% in the 3rd 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 last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Oasis Petroleum in the 3rd quarter valued at approximately $142,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Oasis Petroleum in the 4th quarter valued at approximately $151,000. Institutional investors and hedge funds own 85.49% of the company’s stock.
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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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