Oasis Petroleum Inc. (NYSE:OAS) – Equities researchers at Capital One Financial issued their Q2 2018 earnings estimates for shares of Oasis Petroleum in a research report issued on Wednesday, according to Zacks Investment Research. Capital One Financial analyst P. Johnston forecasts that the energy producer will earn $0.07 per share for the quarter. Capital One Financial also issued estimates for Oasis Petroleum’s Q3 2018 earnings at $0.08 EPS and Q4 2018 earnings at $0.09 EPS.
A number of other research analysts have also issued reports on OAS. Zacks Investment Research upgraded shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Stephens restated a “buy” rating and set a $13.00 target price on shares of Oasis Petroleum in a research report on Thursday, March 15th. UBS began coverage on shares of Oasis Petroleum in a research report on Wednesday, March 7th. They set a “neutral” rating and a $9.00 target price on the stock. Jefferies Group set a $12.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday. Finally, ValuEngine lowered shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.09.
Shares of Oasis Petroleum stock traded down $0.08 during trading hours on Thursday, hitting $8.29. 10,280,751 shares of the company’s stock were exchanged, compared to its average volume of 9,277,250. Oasis Petroleum has a 1 year low of $6.69 and a 1 year high of $15.27. The firm has a market cap of $2,724.97, a price-to-earnings ratio of 16.26 and a beta of 2.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.62 and a current ratio of 0.65.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, February 27th. The energy producer reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. Oasis Petroleum had a net margin of 9.92% and a return on equity of 0.16%. The business had revenue of $404.47 million for the quarter, compared to analyst estimates of $328.78 million.
Large investors have recently modified their holdings of the stock. Raymond James Trust N.A. bought a new position in Oasis Petroleum in the 4th quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Oasis Petroleum by 103.7% in the 3rd 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 last quarter. Cerebellum GP LLC bought a new position in Oasis Petroleum in the 4th quarter valued at approximately $129,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Oasis Petroleum in the 3rd quarter valued at approximately $142,000. Finally, Zeke Capital Advisors LLC bought a new position in Oasis Petroleum in the 4th quarter valued at approximately $151,000. 89.13% of the stock is owned by institutional investors and hedge funds.
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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.
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