FY2016 Earnings Forecast for Oasis Petroleum Inc. Issued By Capital One Financial Corp. (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Research analysts at Capital One Financial Corp. boosted their FY2016 earnings per share estimates for Oasis Petroleum in a report issued on Tuesday. Capital One Financial Corp. analyst P. Johnston now anticipates that the firm will post earnings per share of ($0.56) for the year, up from their prior estimate of ($0.63). Capital One Financial Corp. has a “Overweight” rating and a $20.00 price target on the stock. Capital One Financial Corp. also issued estimates for Oasis Petroleum’s Q4 2016 earnings at ($0.11) EPS and FY2017 earnings at ($0.38) EPS.
A number of other research firms have also recently commented on OAS. Deutsche Bank AG raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday. Mizuho began coverage on shares of Oasis Petroleum in a research report on Wednesday, October 5th. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research cut shares of Oasis Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Bank of America Corp. raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research report on Monday, October 24th. Finally, Wunderlich raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $14.00 in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $12.78.
Shares of Oasis Petroleum (NYSE:OAS) opened at 12.00 on Thursday. Oasis Petroleum has a 1-year low of $3.40 and a 1-year high of $12.51. The firm’s market capitalization is $2.17 billion. The company has a 50-day moving average of $11.01 and a 200-day moving average of $9.81.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Monday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.99%. The business had revenue of $177.13 million for the quarter, compared to analysts’ expectations of $186.51 million. During the same period last year, the business earned $0.09 EPS. The company’s revenue was down 10.2% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Oasis Petroleum by 1,169.4% in the second quarter. FMR LLC now owns 2,850,883 shares of the company’s stock worth $26,627,000 after buying an additional 2,626,300 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Oasis Petroleum during the first quarter worth $18,652,000. Dimensional Fund Advisors LP boosted its position in shares of Oasis Petroleum by 109.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,465,955 shares of the company’s stock worth $41,714,000 after buying an additional 2,335,876 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Oasis Petroleum during the second quarter worth $17,555,000. Finally, GMT Capital Corp boosted its position in shares of Oasis Petroleum by 279.1% in the third quarter. GMT Capital Corp now owns 2,171,300 shares of the company’s stock worth $24,905,000 after buying an additional 1,598,500 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.
In other news, major shareholder Advisory Corp Spo sold 2,975,700 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $11.56, for a total value of $34,399,092.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Taylor L. Reid sold 25,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $9.42, for a total value of $235,500.00. Following the completion of the transaction, the chief operating officer now owns 1,199,341 shares of the company’s stock, valued at approximately $11,297,792.22. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
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.
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