Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for shares of Oasis Petroleum in a research note issued to investors on Tuesday. Jefferies Group analyst M. Hsu now expects that the energy producer will post earnings per share of ($0.03) for the quarter, down from their prior estimate of $0.01. Jefferies Group currently has a “Buy” rating and a $13.00 price target on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.00 EPS, FY2017 earnings at ($0.13) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.12 EPS.

A number of other analysts have also recently commented on OAS. UBS AG upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and dropped their price target for the company from $14.00 to $13.00 in a research note on Thursday, June 8th. Williams Capital restated a “hold” rating and set a $15.00 price target on shares of Oasis Petroleum in a research note on Monday, May 15th. BidaskClub cut shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Cowen and Company set a $14.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Seaport Global Securities cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $7.00 in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.56.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/31/research-analysts-set-expectations-for-oasis-petroleum-inc-s-q3-2017-earnings-oas.html.

Oasis Petroleum (NYSE OAS) opened at 7.02 on Thursday. Oasis Petroleum has a 1-year low of $6.69 and a 1-year high of $17.08. The company’s market capitalization is $1.67 billion. The stock has a 50 day moving average price of $7.64 and a 200-day moving average price of $10.76.

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

In other news, insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 1,175,727 shares in the company, valued at $9,194,185.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum stock in a transaction that occurred 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 sale, the chairman now owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in OAS. Amalgamated Bank raised its stake in shares of Oasis Petroleum by 1.1% in the second quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock worth $238,000 after buying an additional 323 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of 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. Ameritas Investment Partners Inc. raised its stake in shares of Oasis Petroleum by 5.6% in the second quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock worth $166,000 after buying an additional 1,089 shares in the last quarter. Bellwether Investment Group LLC raised its stake in shares of 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 in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of 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 93.57% 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.

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

Receive News & Ratings for Oasis Petroleum Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum Inc. and related companies with MarketBeat.com's FREE daily email newsletter.