Brokers Set Expectations for Oasis Petroleum Inc.’s FY2017 Earnings (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Research analysts at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for Oasis Petroleum in a research report issued on Thursday. Jefferies Group analyst M. Hsu now anticipates that the energy producer will earn ($0.12) per share for the year, up from their prior forecast of ($0.15). Jefferies Group has a “Buy” rating and a $13.00 price target on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.02) EPS.

Several other equities research analysts also recently weighed in on OAS. ValuEngine raised Oasis Petroleum from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub raised Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised Oasis Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Williams Capital set a $13.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Sunday, August 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. Oasis Petroleum has an average rating of “Hold” and an average target price of $13.27.

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Shares of Oasis Petroleum (OAS) opened at $9.95 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76. Oasis Petroleum has a twelve month low of $6.69 and a twelve month high of $17.08.

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, beating the Zacks’ consensus estimate 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 firm had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same quarter last year, the business posted ($0.19) EPS. The company’s revenue was up 71.9% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock valued at $238,000 after purchasing an additional 323 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock valued at $166,000 after purchasing an additional 1,089 shares during the last quarter. Teacher Retirement System of Texas boosted its stake 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 purchasing an additional 1,100 shares during the last quarter. Bellwether Investment Group LLC boosted its stake in Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC boosted its stake in Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock valued at $610,000 after purchasing an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the completion of the sale, the vice president now directly owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

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.

Earnings History and Estimates for Oasis Petroleum (NYSE:OAS)

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