Jefferies Group Weighs in on Oasis Petroleum Inc.’s Q1 2018 Earnings (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Oasis Petroleum in a research note issued to investors on Tuesday. Jefferies Group analyst M. Hsu forecasts that the energy producer will earn ($0.01) per share for the quarter. 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 Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.00 EPS and Q3 2019 earnings at $0.10 EPS.

OAS has been the subject of several other research reports. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Tuesday, October 24th. Evercore ISI raised Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. Morgan Stanley reduced their price target on Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. KeyCorp reissued an “overweight” rating on shares of Oasis Petroleum in a report on Wednesday, November 8th. Finally, Cowen reissued a “buy” rating and set a $12.00 target price on shares of Oasis Petroleum in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.73.

Oasis Petroleum (OAS) traded down $1.73 during trading on Wednesday, reaching $8.33. The company’s stock had a trading volume of 87,733,500 shares, compared to its average volume of 8,941,525. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a twelve month low of $6.69 and a twelve month high of $16.73.

Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm’s revenue for the quarter was up 71.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) EPS.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were 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 directly owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in Oasis Petroleum by 14.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 226,542 shares of the energy producer’s stock worth $2,066,000 after buying an additional 28,625 shares in the last quarter. Wealthsource Partners LLC raised its stake in shares of Oasis Petroleum by 48.9% in the 3rd quarter. Wealthsource Partners LLC now owns 50,004 shares of the energy producer’s stock valued at $456,000 after purchasing an additional 16,425 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Oasis Petroleum by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 551,500 shares of the energy producer’s stock valued at $5,030,000 after purchasing an additional 6,900 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Oasis Petroleum by 39.7% during the third quarter. Cubist Systematic Strategies LLC now owns 33,983 shares of the energy producer’s stock worth $310,000 after acquiring an additional 9,661 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Oasis Petroleum by 63.1% during the third quarter. Janus Henderson Group PLC now owns 363,846 shares of the energy producer’s stock worth $3,318,000 after acquiring an additional 140,810 shares during the period. Hedge funds and other institutional investors own 93.94% of the company’s stock.

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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)

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