Oasis Petroleum Inc. (OAS) to Post Q1 2018 Earnings of $0.05 Per Share, Jefferies Group Forecasts
Oasis Petroleum Inc. (NYSE:OAS) – Equities researchers at Jefferies Group boosted their Q1 2018 earnings per share estimates for Oasis Petroleum in a research note issued to investors on Monday. Jefferies Group analyst M. Hsu now anticipates that the energy producer will post earnings per share of $0.05 for the quarter, up from their previous estimate of $0.02. 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 Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.35 EPS.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $255.41 million. During the same period last year, the business posted ($0.11) EPS. Oasis Petroleum’s quarterly revenue was up 42.0% on a year-over-year basis.
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Other equities research analysts also recently issued reports about the company. Williams Capital restated a “hold” rating and issued a $15.00 target price on shares of Oasis Petroleum in a research report on Monday, May 15th. UBS AG upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and cut their target price for the stock from $14.00 to $13.00 in a research report on Thursday, June 8th. BidaskClub downgraded Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Cowen and Company set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Seaport Global Securities downgraded Oasis Petroleum from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $7.00 in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Oasis Petroleum has an average rating of “Buy” and a consensus price target of $14.59.
Oasis Petroleum (NYSE:OAS) traded up 0.27% during trading on Wednesday, reaching $7.53. The company had a trading volume of 2,610,074 shares. Oasis Petroleum has a 52-week low of $6.90 and a 52-week high of $17.08. The firm’s market capitalization is $1.79 billion. The company has a 50-day moving average of $7.81 and a 200-day moving average of $11.11.
In other news, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA bought a new position in Oasis Petroleum during the second quarter worth $121,000. Teacher Retirement System of Texas increased its position in Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after buying an additional 1,100 shares during the period. Bourgeon Capital Management LLC bought a new position in Oasis Petroleum during the second quarter worth $161,000. 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 during the period. Finally, Bellwether Investment Group LLC increased its position in Oasis Petroleum by 7.7% in the second quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after buying an additional 1,463 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.
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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