Oasis Petroleum Inc. (NYSE:OAS) – Analysts at Capital One Financial issued their Q1 2018 EPS estimates for Oasis Petroleum in a research note issued to investors on Tuesday. Capital One Financial analyst P. Johnston expects that the energy producer will post earnings of $0.08 per share for the quarter.
Several other brokerages have also recently weighed in on OAS. Piper Jaffray Companies restated an “overweight” rating on shares of Oasis Petroleum in a report on Tuesday, October 17th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price (up from $12.00) on shares of Oasis Petroleum in a report on Thursday, November 9th. Morgan Stanley upped their price objective on Oasis Petroleum from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Mizuho set a $11.00 price objective on Oasis Petroleum and gave the company a “hold” rating in a report on Saturday, November 25th. Finally, Cowen reiterated a “buy” rating and issued a $12.00 price objective on shares of Oasis Petroleum in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. Oasis Petroleum has a consensus rating of “Hold” and a consensus price target of $12.30.
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, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million for the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business’s revenue for the quarter was up 71.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Trust N.A. purchased a new stake in Oasis Petroleum in the fourth quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Oasis Petroleum by 103.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after purchasing an additional 7,720 shares during the period. Cerebellum GP LLC purchased a new stake in Oasis Petroleum in the fourth quarter valued at approximately $129,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Oasis Petroleum in the third quarter valued at approximately $142,000. Finally, Sei Investments Co. raised its position in Oasis Petroleum by 16,797.3% in the third quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock valued at $174,000 after purchasing an additional 18,981 shares during the period. 83.77% of the stock is currently owned by 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.
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