Oasis Petroleum Inc. (NYSE:OAS) – Jefferies Group cut their Q3 2018 earnings per share (EPS) estimates for shares of Oasis Petroleum in a research note issued to investors on Thursday. Jefferies Group analyst M. Hsu now forecasts that the energy producer will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.03. Jefferies Group currently has a “Buy” rating and a $13.00 target price on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2018 earnings at $0.01 EPS, FY2018 earnings at $0.02 EPS, Q1 2019 earnings at $0.07 EPS and FY2019 earnings at $0.34 EPS.

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. ValuEngine downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Piper Jaffray Companies set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. BMO Capital Markets set a $11.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Sunday, August 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 target price (down previously from $10.50) on shares of Oasis Petroleum in a report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.27.

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Shares of Oasis Petroleum (OAS) traded up $0.21 during mid-day trading on Friday, hitting $9.95. The company’s stock had a trading volume of 7,250,199 shares, compared to its average volume of 8,677,067. Oasis Petroleum has a 52-week low of $6.69 and a 52-week high of $17.08. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The company’s revenue was up 71.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) EPS.

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the completion of the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA bought a new position in shares of Oasis Petroleum in the 2nd quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Oasis Petroleum by 103.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after acquiring an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Oasis Petroleum in the 3rd quarter worth about $142,000. Teacher Retirement System of Texas raised its position 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 in the last quarter. Finally, Sei Investments Co. raised its position in shares of Oasis Petroleum by 16,797.3% in the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock worth $174,000 after acquiring an additional 18,981 shares in the last quarter. 93.37% of the stock is owned by hedge funds and other institutional investors.

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.

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

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