Oasis Petroleum Inc. (NYSE:OAS) – Analysts at Capital One Financial increased their FY2017 EPS estimates for Oasis Petroleum in a research report issued to clients and investors on Tuesday. Capital One Financial analyst P. Johnston now forecasts that the energy producer will post earnings per share of $0.00 for the year, up from their prior estimate of ($0.06).

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data 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. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million for the quarter, compared to analyst estimates of $264.72 million. During the same period in the prior year, the firm posted ($0.19) EPS. The company’s quarterly revenue was up 71.9% on a year-over-year basis.

OAS has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Oasis Petroleum in a research note on Wednesday, December 13th. SunTrust Banks lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, December 12th. Evercore ISI raised shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research note on Friday, November 3rd. Morgan Stanley reduced their price objective on shares of Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Finally, Deutsche Bank assumed coverage on shares of Oasis Petroleum in a research note on Thursday, February 1st. They issued a “hold” rating and a $10.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Hold” and an average price target of $11.96.

Shares of Oasis Petroleum (NYSE OAS) opened at $7.72 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $15.27.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OAS. Raymond James Trust N.A. acquired a new position in Oasis Petroleum during the fourth quarter worth $108,000. Cerebellum GP LLC acquired a new position in Oasis Petroleum during the fourth quarter worth $129,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after buying an additional 7,720 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Oasis Petroleum during the third quarter worth $142,000. Finally, Advisory Services Network LLC raised its holdings in 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 buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 83.77% 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.

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

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