Oasis Petroleum’s (OAS) “Overweight” Rating Reiterated at KeyCorp
KeyCorp restated their overweight rating on shares of Oasis Petroleum Inc. (NYSE:OAS) in a research note published on Wednesday. KeyCorp also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.03 EPS, FY2017 earnings at ($0.07) EPS and FY2018 earnings at $0.09 EPS.
A number of other equities research analysts also recently weighed in on OAS. ValuEngine downgraded shares of Oasis Petroleum from a hold rating to a sell rating in a research note on Monday, August 7th. Mizuho reiterated a hold rating and set a $10.00 price target on shares of Oasis Petroleum in a research note on Friday, September 29th. BMO Capital Markets set a $11.00 price target on shares of Oasis Petroleum and gave the stock a buy rating in a research note on Sunday, August 13th. Royal Bank Of Canada set a $14.00 price target on shares of Oasis Petroleum and gave the stock a buy rating in a research note on Thursday, August 24th. Finally, BidaskClub downgraded shares of Oasis Petroleum from a sell rating to a strong sell rating in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $13.27.
Shares of Oasis Petroleum (NYSE OAS) traded up $0.01 during trading on Wednesday, hitting $10.78. 8,769,700 shares of the stock traded hands, compared to its average volume of 8,705,537. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.80 and a current ratio of 0.85. Oasis Petroleum has a twelve month low of $6.69 and a twelve month high of $17.08.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, topping 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 1.31%. The firm had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same quarter in the previous year, the company earned ($0.19) earnings per share. The business’s revenue was up 71.9% compared to the same quarter last year. sell-side analysts anticipate that Oasis Petroleum will post -0.14 earnings per share for the current year.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was 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 of the company’s stock, valued at approximately $1,599,218.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
Large investors have recently made changes to their positions in the business. Bellwether Investment Group LLC raised its holdings in Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after purchasing an additional 1,463 shares during the last quarter. Westpac Banking Corp grew its position in shares of Oasis Petroleum by 16.1% during the 2nd quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock worth $3,723,000 after buying an additional 64,023 shares during the period. Caymus Capital Partners L.P. grew its position in shares of Oasis Petroleum by 50.2% during the 2nd quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after buying an additional 2,086,400 shares during the period. Piermont Capital Management Inc. acquired a new position in shares of Oasis Petroleum during the 2nd quarter worth about $1,728,000. Finally, Hermes Investment Management Ltd. grew its position in shares of Oasis Petroleum by 11.5% during the 3rd quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock worth $43,380,000 after buying an additional 490,057 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.
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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