Brokers Offer Predictions for Oasis Petroleum Inc.’s FY2017 Earnings (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Capital One Financial upped their FY2017 earnings per share (EPS) estimates for shares of Oasis Petroleum in a report released on Tuesday. Capital One Financial analyst P. Johnston now forecasts that the energy producer will post earnings of $0.00 per share for the year, up from their prior forecast of ($0.06).

OAS has been the subject of several other reports. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 price objective on shares of Oasis Petroleum in a research report on Wednesday, December 13th. SunTrust Banks cut Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research note on Tuesday, December 12th. Evercore ISI upgraded Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research note on Friday, November 3rd. Morgan Stanley decreased their price target on Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Finally, Deutsche Bank assumed coverage on Oasis Petroleum in a research note on Thursday, February 1st. They set a “hold” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. Oasis Petroleum has a consensus rating of “Hold” and a consensus target price of $11.96.

Oasis Petroleum (NYSE OAS) opened at $7.76 on Friday. The firm has a market capitalization of $2,127.57, a P/E ratio of -29.85 and a beta of 2.23. Oasis Petroleum has a 52-week low of $6.69 and a 52-week high of $15.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Oasis Petroleum by 0.6% in the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock valued at $157,152,000 after acquiring an additional 125,706 shares in the last quarter. State Street Corp raised its stake in shares of Oasis Petroleum by 24.3% in the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after acquiring an additional 1,931,992 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Oasis Petroleum by 10.0% in the third quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock valued at $57,743,000 after acquiring an additional 576,272 shares in the last quarter. Hermes Investment Management Ltd. raised its stake in shares of Oasis Petroleum by 22.1% in the fourth quarter. Hermes Investment Management Ltd. now owns 5,808,937 shares of the energy producer’s stock valued at $48,853,000 after acquiring an additional 1,052,304 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Oasis Petroleum by 11.1% in the third quarter. Macquarie Group Ltd. now owns 4,374,589 shares of the energy producer’s stock valued at $39,897,000 after acquiring an additional 436,975 shares in the last quarter. Institutional investors and hedge funds own 83.77% of the company’s stock.

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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.

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

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