FY2017 EPS Estimates for Oasis Petroleum Inc. Increased by Analyst (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Equities researchers at Seaport Global Securities increased their FY2017 earnings estimates for Oasis Petroleum in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Kelly now expects that the energy producer will post earnings per share of $0.01 for the year, up from their previous estimate of ($0.01). Seaport Global Securities also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.10 EPS.

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

A number of other analysts have also commented on OAS. 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 issued a $10.00 price objective on shares of Oasis Petroleum in a report on Friday, September 29th. Jefferies Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Piper Jaffray Companies set a $14.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Morgan Stanley decreased their price objective 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. Two equities 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 stock. The company has an average rating of “Hold” and a consensus target price of $12.55.

Shares of Oasis Petroleum (OAS) traded down $0.10 during mid-day trading on Friday, reaching $8.89. The company had a trading volume of 6,702,200 shares, compared to its average volume of 8,786,392. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $15.27. The stock has a market capitalization of $2,110.00, a price-to-earnings ratio of -34.19 and a beta of 2.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.

Large investors have recently modified their holdings of the company. Hermes Investment Management Ltd. increased its holdings in shares of Oasis Petroleum by 11.5% during the third quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after acquiring an additional 490,057 shares in the last quarter. Piermont Capital Management Inc. bought a new position in shares of Oasis Petroleum during the second quarter valued at $1,728,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Oasis Petroleum by 21.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,545,556 shares of the energy producer’s stock valued at $14,096,000 after acquiring an additional 269,152 shares in the last quarter. GMT Capital Corp bought a new position in shares of Oasis Petroleum during the third quarter valued at $19,487,000. Finally, Precocity Capital LP increased its holdings in shares of Oasis Petroleum by 20.5% during the third quarter. Precocity Capital LP now owns 1,325,000 shares of the energy producer’s stock valued at $12,084,000 after acquiring an additional 225,000 shares in the last quarter. Hedge funds and other institutional investors own 82.75% 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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