Q2 2017 EPS Estimates for Oasis Petroleum Inc. (NYSE:OAS) Lowered by Analyst
Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at Jefferies Group lowered their Q2 2017 earnings per share estimates for Oasis Petroleum in a research note issued to investors on Wednesday. Jefferies Group analyst M. Hsu now expects that the energy producer will earn ($0.11) per share for the quarter, down from their prior forecast of ($0.09). Jefferies Group currently has a “Buy” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.22) EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.09 EPS and FY2018 earnings at $0.28 EPS.
OAS has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 price target on shares of Oasis Petroleum in a research note on Thursday. Cowen and Company set a $10.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Wednesday. Bank of America Corporation began coverage on Oasis Petroleum in a research note on Wednesday. They issued a “neutral” rating and a $9.00 price target for the company. William Blair raised Oasis Petroleum from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Williams Capital raised Oasis Petroleum from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $13.00 in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Buy” and an average price target of $14.45.
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Shares of Oasis Petroleum (OAS) opened at 7.86 on Friday. Oasis Petroleum has a 1-year low of $6.56 and a 1-year high of $17.08. The company’s market cap is $1.87 billion. The stock has a 50 day moving average of $8.34 and a 200 day moving average of $12.06.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $285.10 million during the quarter, compared to analyst estimates of $252.72 million. Oasis Petroleum had a negative net margin of 18.00% and a negative return on equity of 2.88%. Oasis Petroleum’s revenue for the quarter was up 119.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS.
In related news, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the completion of the sale, the chairman now directly owns 1,469,546 shares in the company, valued at approximately $13,960,687. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in Oasis Petroleum by 362.0% in the second quarter. Creative Planning now owns 112,634 shares of the energy producer’s stock valued at $907,000 after buying an additional 88,252 shares during the last quarter. Bank of Montreal Can increased its stake in Oasis Petroleum by 0.4% in the second quarter. Bank of Montreal Can now owns 2,342,131 shares of the energy producer’s stock valued at $18,854,000 after buying an additional 9,237 shares during the last quarter. Hellman Jordan Management Co. Inc. MA acquired a new stake in Oasis Petroleum during the second quarter valued at approximately $509,000. Guinness Asset Management Ltd acquired a new stake in Oasis Petroleum during the second quarter valued at approximately $4,830,000. Finally, Guinness Atkinson Asset Management Inc acquired a new stake in Oasis Petroleum during the second quarter valued at approximately $564,000. Institutional investors own 98.72% 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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