Q3 2017 Earnings Forecast for Oasis Petroleum Inc. Issued By Jefferies Group (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Analysts at Jefferies Group upped their Q3 2017 EPS estimates for Oasis Petroleum in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Hsu now anticipates that the energy producer will post earnings per share of $0.01 for the quarter, up from their prior forecast of ($0.04). Jefferies Group has a “Buy” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.02 EPS and FY2017 earnings at ($0.07) EPS.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping 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 business had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $255.41 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The business’s revenue was up 42.0% on a year-over-year basis.
OAS has been the topic of several other reports. Williams Capital reiterated a “hold” rating and set a $15.00 price objective on shares of Oasis Petroleum in a research report on Monday, May 15th. Cowen and Company set a $14.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, July 10th. Bank of America Corporation cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $16.00 in a research report on Thursday, May 11th. SunTrust Banks, Inc. upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $17.00 in a research report on Wednesday, May 3rd. Finally, UBS AG upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $14.00 to $13.00 in a research report on Thursday, June 8th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $14.59.
Shares of Oasis Petroleum (OAS) opened at 7.34 on Thursday. The firm’s market cap is $1.74 billion. The stock’s 50 day moving average price is $7.79 and its 200 day moving average price is $11.08. Oasis Petroleum has a 12-month low of $6.90 and a 12-month high of $17.08.
In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the transaction, the insider now owns 1,175,727 shares of the company’s stock, valued at approximately $9,194,185.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Thomas B. Nusz sold 187,236 shares of the business’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 directly owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised 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. Federated Investors Inc. PA purchased a new position in Oasis Petroleum during the second quarter worth $121,000. Stephens Inc. AR raised its position in Oasis Petroleum by 13.8% in the first quarter. Stephens Inc. AR now owns 16,050 shares of the energy producer’s stock worth $229,000 after buying an additional 1,950 shares in the last quarter. Advisory Services Network LLC purchased a new position in Oasis Petroleum during the first quarter worth $242,000. Finally, Atria Investments LLC raised its position in Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock worth $243,000 after buying an additional 700 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.
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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