Oasis Petroleum Inc. (NYSE:OAS) – Research analysts at Capital One Financial Corporation raised their FY2017 earnings per share estimates for Oasis Petroleum in a research report issued on Wednesday. Capital One Financial Corporation analyst P. Johnston now anticipates that the energy producer will post earnings of ($0.14) per share for the year, up from their previous estimate of ($0.20).

Several other brokerages also recently commented on OAS. Stifel Nicolaus reissued a “hold” rating and set a $10.00 target price (down previously from $10.50) on shares of Oasis Petroleum in a research note on Monday, September 25th. Piper Jaffray Companies reissued an “overweight” rating on shares of Oasis Petroleum in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $13.00 target price (up previously from $12.00) on shares of Oasis Petroleum in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and set a $13.00 target price on shares of Oasis Petroleum in a research note on Tuesday, October 3rd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Oasis Petroleum in a research note on Saturday, September 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.27.

ILLEGAL ACTIVITY WARNING: “Oasis Petroleum Inc. (OAS) to Post FY2017 Earnings of ($0.14) Per Share, Capital One Financial Corporation Forecasts” was first published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/13/oasis-petroleum-inc-oas-to-post-fy2017-earnings-of-0-14-per-share-capital-one-financial-corporation-forecasts.html.

Oasis Petroleum (OAS) opened at $10.78 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.79. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $17.08.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative return on equity of 1.31% and a negative net margin of 5.23%. The business’s quarterly revenue was up 71.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.19) earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its position in Oasis Petroleum by 1.1% in the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock valued at $238,000 after buying an additional 323 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Oasis Petroleum by 5.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock valued at $166,000 after buying an additional 1,089 shares during the last quarter. Teacher Retirement System of Texas raised its position in 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 valued at $150,000 after buying an additional 1,100 shares during the last quarter. Bellwether Investment Group LLC raised its position in Oasis Petroleum by 7.7% in the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after buying an additional 1,463 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC raised its position in Oasis Petroleum by 2.8% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock valued at $610,000 after buying an additional 2,062 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.