Oasis Petroleum Inc. (OAS) Expected to Earn FY2017 Earnings of ($0.08) Per Share
Oasis Petroleum Inc. (NYSE:OAS) – Analysts at SunTrust Banks increased their FY2017 earnings estimates for Oasis Petroleum in a report issued on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the energy producer will post earnings of ($0.08) per share for the year, up from their previous forecast of ($0.10). SunTrust Banks has a “Hold” rating and a $11.00 price target on the stock. SunTrust Banks also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.02 EPS, FY2018 earnings at $0.06 EPS, FY2019 earnings at $0.12 EPS and FY2020 earnings at $0.00 EPS.
Several other research analysts also recently commented on OAS. Morgan Stanley reaffirmed an “equal weight” rating on shares of Oasis Petroleum in a research note on Saturday, September 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price target (down previously from $10.50) on shares of Oasis Petroleum in a research note on Monday, September 25th. Mizuho reiterated a “hold” rating and set a $10.00 target price on shares of Oasis Petroleum in a report on Friday, September 29th. Jefferies Group reiterated a “buy” rating and set a $13.00 target price on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies set a $14.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. Oasis Petroleum currently has a consensus rating of “Hold” and an average target price of $12.55.
Oasis Petroleum (NYSE:OAS) last posted its quarterly 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 company had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The firm’s revenue was up 71.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) EPS.
Large investors have recently added to or reduced their stakes in the company. Hermes Investment Management Ltd. boosted its holdings in shares of Oasis Petroleum by 11.5% in the 3rd quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after buying an additional 490,057 shares in the last quarter. Piermont Capital Management Inc. bought a new stake in shares of Oasis Petroleum in the 2nd quarter valued at about $1,728,000. Kennedy Capital Management Inc. boosted its holdings in shares of Oasis Petroleum by 108.8% in the 2nd quarter. Kennedy Capital Management Inc. now owns 1,248,497 shares of the energy producer’s stock valued at $10,050,000 after buying an additional 650,474 shares in the last quarter. GMT Capital Corp bought a new stake in shares of Oasis Petroleum in the 3rd quarter valued at about $19,487,000. Finally, Precocity Capital LP boosted its holdings in shares of Oasis Petroleum by 20.5% in the 3rd quarter. Precocity Capital LP now owns 1,325,000 shares of the energy producer’s stock valued at $12,084,000 after buying an additional 225,000 shares in the last quarter. Institutional investors and hedge funds own 82.75% of the company’s stock.
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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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