Oasis Petroleum (NYSE:OAS) – Stock analysts at Seaport Global Securities boosted their FY2018 EPS estimates for shares of Oasis Petroleum in a report released on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now anticipates that the energy producer will post earnings of $0.37 per share for the year, up from their previous estimate of $0.33. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Oasis Petroleum’s Q4 2018 earnings at $0.12 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.78 EPS.
Several other brokerages also recently commented on OAS. UBS assumed coverage on shares of Oasis Petroleum in a report on Wednesday, March 7th. They set a “neutral” rating and a $9.00 price objective on the stock. KeyCorp set a $13.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, May 8th. ValuEngine downgraded shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Stifel Nicolaus dropped their price objective on shares of Oasis Petroleum from $10.00 to $9.50 and set a “hold” rating on the stock in a report on Tuesday, May 8th. Finally, Williams Capital restated a “buy” rating and set a $18.00 price objective on shares of Oasis Petroleum in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.59.
Shares of Oasis Petroleum opened at $12.66 on Friday, according to MarketBeat.com. The firm has a market capitalization of $4.05 billion, a P/E ratio of 633.00, a PEG ratio of 2.29 and a beta of 2.08. Oasis Petroleum has a one year low of $6.69 and a one year high of $13.13. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, May 7th. The energy producer reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $421.20 million for the quarter, compared to the consensus estimate of $370.13 million. Oasis Petroleum had a net margin of 7.26% and a return on equity of 1.39%. The business’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 19,181 shares of the business’s stock in a transaction dated Saturday, May 5th. The shares were sold at an average price of $11.90, for a total value of $228,253.90. Following the transaction, the vice president now directly owns 257,632 shares in the company, valued at $3,065,820.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Michael H. Lou sold 16,000 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $12.27, for a total transaction of $196,320.00. Following the completion of the transaction, the vice president now owns 434,959 shares in the company, valued at $5,336,946.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,181 shares of company stock worth $791,174. 1.50% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Sciencast Management LP boosted its position in Oasis Petroleum by 106.7% in the first quarter. Sciencast Management LP now owns 74,811 shares of the energy producer’s stock valued at $690,000 after buying an additional 38,619 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Oasis Petroleum in the first quarter valued at about $120,000. Cubist Systematic Strategies LLC boosted its position in Oasis Petroleum by 63.6% in the first quarter. Cubist Systematic Strategies LLC now owns 168,552 shares of the energy producer’s stock valued at $1,365,000 after buying an additional 65,508 shares in the last quarter. Guggenheim Capital LLC boosted its position in Oasis Petroleum by 26.1% in the first quarter. Guggenheim Capital LLC now owns 1,385,740 shares of the energy producer’s stock valued at $11,224,000 after buying an additional 287,185 shares in the last quarter. Finally, Hancock Holding Co. boosted its position in Oasis Petroleum by 4.4% in the first quarter. Hancock Holding Co. now owns 699,471 shares of the energy producer’s stock valued at $5,666,000 after buying an additional 29,526 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.
Oasis Petroleum Company Profile
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
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