Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Williams Capital upped their Q3 2016 earnings estimates for Oasis Petroleum in a report released on Monday. Williams Capital analyst G. Sorbara now forecasts that the firm will post earnings of ($0.20) per share for the quarter, up from their prior forecast of ($0.21). Williams Capital currently has a “Buy” rating and a $14.00 target price on the stock. Williams Capital also issued estimates for Oasis Petroleum’s FY2016 earnings at ($0.67) EPS and FY2017 earnings at ($0.57) EPS.

A number of other equities research analysts also recently issued reports on OAS. Simmons upgraded shares of Oasis Petroleum from a “neutral” rating to an “overweight” rating in a report on Wednesday. Wunderlich boosted their target price on shares of Oasis Petroleum from $10.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday. Piper Jaffray Cos. upgraded shares of Oasis Petroleum from a “neutral” rating to an “overweight” rating in a report on Wednesday. Capital One Financial Corp. upgraded shares of Oasis Petroleum from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley restated a “hold” rating and issued a $12.00 target price on shares of Oasis Petroleum in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $12.11.

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

Oasis Petroleum (NYSE:OAS) traded up 7.85% during midday trading on Wednesday, reaching $11.40. 24,359,093 shares of the company’s stock were exchanged. The firm’s market capitalization is $2.06 billion. The stock’s 50 day moving average is $10.36 and its 200 day moving average is $9.50. Oasis Petroleum has a 52 week low of $3.40 and a 52 week high of $13.72.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. The company had revenue of $179 million for the quarter, compared to analyst estimates of $184.47 million. Oasis Petroleum had a negative net margin of 17.91% and a negative return on equity of 1.22%. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS.

In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 200,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the completion of the sale, the chairman now owns 1,590,772 shares in the company, valued at $14,189,686.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Advisory Corp Spo sold 2,975,700 shares of the business’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total transaction of $34,399,092.00. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Moody Aldrich Partners LLC acquired a new stake in Oasis Petroleum during the third quarter valued at $851,000. Advisory Services Network LLC raised its position in Oasis Petroleum by 46.7% in the third quarter. Advisory Services Network LLC now owns 20,100 shares of the company’s stock valued at $231,000 after buying an additional 6,400 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Oasis Petroleum by 354.9% in the third quarter. BNP Paribas Arbitrage SA now owns 72,756 shares of the company’s stock valued at $835,000 after buying an additional 56,763 shares in the last quarter. Macquarie Group Ltd. raised its position in Oasis Petroleum by 1.1% in the second quarter. Macquarie Group Ltd. now owns 3,030,032 shares of the company’s stock valued at $28,300,000 after buying an additional 33,780 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock valued at $101,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.80% 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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.

5 Day Chart for NYSE:OAS

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