Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at Capital One Financial Corporation lowered their FY2018 earnings per share estimates for shares of Oasis Petroleum in a research note issued to investors on Thursday. Capital One Financial Corporation analyst P. Johnston now forecasts that the energy producer will post earnings per share of ($0.24) for the year, down from their prior forecast of $0.06.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The firm had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $255.41 million. During the same period last year, the firm earned ($0.11) earnings per share. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year.

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Several other analysts have also recently issued reports on OAS. Williams Capital cut shares of Oasis Petroleum from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. SunTrust Banks, Inc. upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and upped their target price for the company from $16.00 to $17.00 in a research report on Wednesday, May 3rd. BMO Capital Markets set a $18.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, May 8th. Bank of America Corporation cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $16.00 in a research report on Thursday, May 11th. Finally, Jefferies Group LLC restated a “buy” rating and set a $17.00 target price on shares of Oasis Petroleum in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Oasis Petroleum currently has a consensus rating of “Buy” and an average target price of $14.54.

Oasis Petroleum (NYSE OAS) opened at 8.05 on Monday. The stock’s 50 day moving average price is $7.93 and its 200-day moving average price is $11.58. Oasis Petroleum has a 52 week low of $6.67 and a 52 week high of $17.08. The company’s market capitalization is $1.91 billion.

Several institutional investors have recently added to or reduced their stakes in the stock. Hellman Jordan Management Co. Inc. MA acquired a new position in Oasis Petroleum during the second quarter worth about $509,000. Creative Planning increased its position in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock worth $348,000 after buying an additional 323 shares in the last quarter. Teacher Retirement System of Texas increased its position in Oasis Petroleum by 2.9% in the first quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock worth $251,000 after buying an additional 497 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Oasis Petroleum during the first quarter worth about $296,000. Finally, DekaBank Deutsche Girozentrale increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

In other news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the transaction, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company 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.

Earnings History and Estimates for Oasis Petroleum (NYSE:OAS)

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