Oasis Petroleum Inc. (NYSE:OAS) – Capital One Financial Corporation boosted their FY2017 earnings per share estimates for Oasis Petroleum in a report released on Wednesday. Capital One Financial Corporation analyst P. Johnston now forecasts that the energy producer will post earnings per share of ($0.14) for the year, up from their previous estimate of ($0.20).
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business’s quarterly revenue was up 71.9% on a year-over-year basis. During the same period last year, the company earned ($0.19) earnings per share. ILLEGAL ACTIVITY NOTICE: “Brokers Offer Predictions for Oasis Petroleum Inc.’s FY2017 Earnings (OAS)” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://weekherald.com/2017/11/15/brokers-offer-predictions-for-oasis-petroleum-inc-s-fy2017-earnings-oas.html.
Several other equities research analysts have also recently weighed in on the company. Mizuho reissued a “hold” rating and issued a $10.00 price target on shares of Oasis Petroleum in a research note on Friday, September 29th. Evercore ISI raised Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research note on Friday, November 3rd. Morgan Stanley decreased their price target on Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Sunday, August 13th. Finally, Deutsche Bank AG cut Oasis Petroleum from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $11.00 in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.27.
Oasis Petroleum (NYSE OAS) opened at $10.04 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.76 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 $17.08.
Hedge funds have recently bought and sold shares of the company. Bellwether Investment Group LLC lifted its holdings in shares of Oasis Petroleum by 7.7% in the second quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after purchasing an additional 1,463 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of Oasis Petroleum by 16.1% in the second quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock valued at $3,723,000 after purchasing an additional 64,023 shares in the last quarter. Caymus Capital Partners L.P. lifted its holdings in shares of Oasis Petroleum by 50.2% in 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. Piermont Capital Management Inc. bought a new position in shares of Oasis Petroleum in the second quarter valued at approximately $1,728,000. Finally, Hermes Investment Management Ltd. lifted its holdings in shares of Oasis Petroleum by 11.5% in the third quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after purchasing an additional 490,057 shares in the last quarter. Institutional investors own 93.37% of the company’s stock.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the completion of the sale, the vice president now owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.
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.
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