Williams Capital Weighs in on Oasis Petroleum Inc.’s FY2017 Earnings (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at Williams Capital lowered their FY2017 EPS estimates for Oasis Petroleum in a report released on Monday. Williams Capital analyst G. Sorbara now expects that the energy producer will post earnings of ($0.13) per share for the year, down from their prior forecast of ($0.09). Williams Capital has a “Hold” rating and a $15.00 price objective on the stock. Williams Capital also issued estimates for Oasis Petroleum’s FY2018 earnings at $0.42 EPS and FY2019 earnings at $1.16 EPS.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The business had revenue of $285.10 million during the quarter, compared to analyst estimates of $252.72 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The company’s revenue for the quarter was up 119.3% compared to the same quarter last year.
A number of other equities analysts have also commented on the company. BidaskClub upgraded Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Royal Bank Of Canada set a $19.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, June 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $19.00 price objective on shares of Oasis Petroleum in a research note on Friday, June 2nd. ValuEngine lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Oasis Petroleum in a research note on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Oasis Petroleum presently has a consensus rating of “Buy” and an average target price of $15.79.
Oasis Petroleum (OAS) traded down 1.49% during midday trading on Thursday, hitting $8.60. The stock had a trading volume of 1,831,940 shares. The company’s 50-day moving average price is $10.92 and its 200 day moving average price is $13.37. Oasis Petroleum has a 12-month low of $6.56 and a 12-month high of $17.08. The stock’s market cap is $2.04 billion.
Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at approximately $2,127,000. Comerica Bank boosted its stake in shares of Oasis Petroleum by 65.1% in the fourth quarter. Comerica Bank now owns 31,008 shares of the energy producer’s stock valued at $458,000 after buying an additional 12,228 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Oasis Petroleum by 37.0% in the fourth quarter. Van ECK Associates Corp now owns 34,210 shares of the energy producer’s stock valued at $518,000 after buying an additional 9,236 shares during the last quarter. TCW Group Inc. acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at approximately $215,000. Finally, Marshall Wace LLP acquired a new stake in shares of Oasis Petroleum during the fourth quarter valued at approximately $1,597,000. Institutional investors own 98.75% of the company’s stock.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the transaction, the chairman now owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.
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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