FY2017 Earnings Estimate for Oasis Petroleum Inc. Issued By KeyCorp (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Research analysts at KeyCorp increased their FY2017 earnings per share estimates for shares of Oasis Petroleum in a note issued to investors on Sunday. KeyCorp analyst D. Deckelbaum now expects that the energy producer will earn ($0.04) per share for the year, up from their previous estimate of ($0.05). KeyCorp also issued estimates for Oasis Petroleum’s Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.14 EPS.
Several other research firms have also commented on OAS. Royal Bank of Canada set a $17.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Saturday, February 25th. Williams Capital lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of Oasis Petroleum in a report on Wednesday, May 17th. Guggenheim upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, March 16th. Finally, Canaccord Genuity restated a “hold” rating and issued a $13.00 price target on shares of Oasis Petroleum in a research note on Friday, February 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.37.
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Oasis Petroleum (NYSE:OAS) opened at 11.52 on Wednesday. The firm’s market capitalization is $2.74 billion. Oasis Petroleum has a 52-week low of $6.56 and a 52-week high of $17.08. The firm has a 50-day moving average of $12.40 and a 200-day moving average of $13.66.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. The firm had revenue of $285.10 million for the quarter, compared to analyst estimates of $252.72 million. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. The company’s revenue for the quarter was up 119.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) earnings per share.
In related news, Director John E. Hagale acquired 15,000 shares of the stock in a transaction dated Friday, February 24th. The stock was bought at an average price of $14.05 per share, for a total transaction of $210,750.00. Following the purchase, the director now directly owns 44,100 shares of the company’s stock, valued at approximately $619,605. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Usca Ria LLC acquired a new stake in shares of Oasis Petroleum during the third quarter worth approximately $118,000. Stephens Inc. AR raised its stake in shares of Oasis Petroleum by 17.0% in the third quarter. Stephens Inc. AR now owns 11,700 shares of the energy producer’s stock worth $134,000 after buying an additional 1,700 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares during the period. TCW Group Inc. acquired a new stake in shares of Oasis Petroleum during the fourth quarter worth approximately $215,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Oasis Petroleum during the fourth quarter worth approximately $227,000. Institutional investors own 78.29% of the company’s stock.
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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