Oasis Petroleum Inc. (OAS) to Post FY2017 Earnings of ($0.05) Per Share, Jefferies Group Forecasts

Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at Jefferies Group lifted their FY2017 EPS estimates for shares of Oasis Petroleum in a research note issued on Wednesday. Jefferies Group analyst M. Hsu now anticipates that the energy producer will earn ($0.05) per share for the year, up from their previous forecast of ($0.10). Jefferies Group has a “Buy” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS and FY2019 earnings at $0.33 EPS.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets set a $11.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 24th. Cowen reissued a “buy” rating and set a $10.00 target price on shares of Oasis Petroleum in a report on Sunday, October 22nd. KeyCorp set a $11.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies set a $14.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Williams Capital set a $13.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.55.

Oasis Petroleum (NYSE:OAS) opened at $8.06 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $16.42. The stock has a market cap of $2,202.98, a price-to-earnings ratio of -31.00 and a beta of 2.32.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The business’s quarterly revenue was up 71.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) earnings per share.

Several hedge funds and other institutional investors have recently made changes to their positions in OAS. Federated Investors Inc. PA acquired a new stake in shares of Oasis Petroleum in the second quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Oasis Petroleum in the third quarter valued at about $142,000. Teacher Retirement System of Texas grew its position in shares of Oasis Petroleum by 6.3% in the second 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 period. Finally, Advisory Services Network LLC grew its position in shares of Oasis Petroleum by 14.1% in the second quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after purchasing an additional 2,400 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

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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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