Q3 2017 EPS Estimates for Oasis Petroleum Inc. Boosted by Analyst (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at KeyCorp lifted their Q3 2017 EPS estimates for shares of Oasis Petroleum in a research report issued to clients and investors on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the energy producer will post earnings per share of ($0.05) for the quarter, up from their prior estimate of ($0.06). KeyCorp has a “Buy” rating and a $11.00 price objective on the stock. KeyCorp also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.17) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.11) EPS.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 was up 42.0% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/23/q3-2017-eps-estimates-for-oasis-petroleum-inc-boosted-by-analyst-oas.html.
Several other brokerages have also recently weighed in on OAS. Mizuho reissued a “hold” rating and issued a $10.00 price objective on shares of Oasis Petroleum in a research note on Friday, September 29th. Jefferies Group LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Oasis Petroleum in a research note on Tuesday, October 3rd. Morgan Stanley reduced their price objective on shares of Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Cowen and Company reaffirmed a “buy” rating and set a $10.00 price target on shares of Oasis Petroleum in a research report on Sunday. Finally, Piper Jaffray Companies set a $14.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. Oasis Petroleum has a consensus rating of “Hold” and a consensus price target of $13.26.
Shares of Oasis Petroleum (NYSE OAS) opened at 8.71 on Monday. The firm’s market cap is $2.07 billion. The company’s 50-day moving average price is $8.45 and its 200 day moving average price is $9.28. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $17.08.
Several institutional investors and hedge funds have recently bought and sold shares of OAS. Federated Investors Inc. PA acquired a new stake in shares of Oasis Petroleum in the 2nd quarter worth about $121,000. Teacher Retirement System of Texas raised its holdings in shares of Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after acquiring an additional 1,100 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Oasis Petroleum by 14.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after acquiring an additional 2,400 shares during the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Oasis Petroleum in the 2nd quarter worth about $161,000. Finally, Bellwether Investment Group LLC raised its holdings in shares of Oasis Petroleum by 7.7% in the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,463 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.
In related news, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the sale, the insider now owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the sale, the vice president now owns 182,351 shares in the company, valued at approximately $1,599,218.27. The disclosure for this sale can be found here. Corporate insiders own 1.90% 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.
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