Oasis Petroleum Inc. (NYSE:OAS) – SunTrust Banks raised their FY2017 earnings per share estimates for Oasis Petroleum in a report released on Wednesday. SunTrust Banks analyst N. Dingmann now expects that the energy producer will post earnings of ($0.11) per share for the year, up from their prior estimate of ($0.21). SunTrust Banks also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.02) EPS, FY2018 earnings at $0.10 EPS and FY2020 earnings at $0.60 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, beating analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.31% 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 period in the prior year, the company earned ($0.19) earnings per share. The firm’s revenue was up 71.9% on a year-over-year basis.
OAS has been the subject of a number of other reports. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Tuesday, October 24th. Jefferies Group LLC set a $13.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Tuesday, August 29th. Evercore ISI raised Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research note on Friday, November 3rd. Bank of America Corporation started coverage on Oasis Petroleum in a research note on Wednesday, July 19th. They set a “neutral” rating and a $9.00 price target for the company. Finally, Citigroup Inc. dropped their price target on Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.27.
Oasis Petroleum (NYSE OAS) opened at $10.78 on Monday. Oasis Petroleum has a one year low of $6.69 and a one year high of $17.08. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.85 and a quick ratio of 0.80.
In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Federated Investors Inc. PA bought a new position in Oasis Petroleum in the second quarter worth approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $138,000 after purchasing an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Oasis Petroleum during the 3rd quarter valued at $142,000. Teacher Retirement System of Texas boosted its position in Oasis Petroleum by 6.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in Oasis Petroleum by 14.1% during the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after acquiring an additional 2,400 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.
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.
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