Capital One Financial Corporation Comments on Oasis Petroleum Inc.’s FY2018 Earnings (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Equities researchers at Capital One Financial Corporation raised their FY2018 earnings per share estimates for shares of Oasis Petroleum in a research note issued on Tuesday. Capital One Financial Corporation analyst P. Johnston now forecasts that the energy producer will post earnings of ($0.10) per share for the year, up from their previous forecast of ($0.14).
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. Oasis Petroleum’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) earnings per share. WARNING: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/12/capital-one-financial-corporation-comments-on-oasis-petroleum-inc-s-fy2018-earnings-oas.html.
Other equities analysts have also recently issued research reports about the company. Citigroup Inc. reduced their target price on Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Cowen and Company set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Oasis Petroleum in a research report on Thursday, July 6th. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, William Blair raised Oasis Petroleum from a “hold” rating to a “buy” rating in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. Oasis Petroleum has a consensus rating of “Hold” and a consensus target price of $13.90.
Oasis Petroleum (OAS) traded down 2.67% during mid-day trading on Thursday, reaching $8.39. The company’s stock had a trading volume of 5,115,531 shares. The stock’s 50 day moving average is $8.16 and its 200 day moving average is $9.50. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $17.08. The company’s market cap is $1.99 billion.
Several institutional investors have recently bought and sold shares of OAS. Federated Investors Inc. PA acquired a new position in shares of Oasis Petroleum during the 2nd quarter worth $121,000. Teacher Retirement System of Texas raised its holdings in shares of Oasis Petroleum by 6.3% during the 2nd 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 in the last quarter. Advisory Services Network LLC raised its holdings in shares of Oasis Petroleum by 14.1% during the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after buying an additional 2,400 shares in the last quarter. Bourgeon Capital Management LLC acquired a new position in shares of Oasis Petroleum during the 2nd quarter worth $161,000. Finally, Bellwether Investment Group LLC raised its holdings in shares of Oasis Petroleum by 7.7% during the 2nd 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. 93.57% of the stock is owned by institutional investors.
In other news, insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The disclosure for this sale can be found here. 1.90% of the stock is owned by 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.
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