Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at KeyCorp issued their Q2 2018 EPS estimates for Oasis Petroleum in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the firm will post earnings of $0.10 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $18.00 price target on the stock. KeyCorp also issued estimates for Oasis Petroleum’s Q3 2018 earnings at $0.14 EPS and FY2018 earnings at $0.49 EPS.

A number of other research firms have also weighed in on OAS. Zacks Investment Research lowered Oasis Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, November 10th. Mizuho initiated coverage on Oasis Petroleum in a research note on Wednesday, October 5th. They set a “buy” rating and a $15.00 price target for the company. Bank of America Corp. raised Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Monday, October 24th. Finally, Wunderlich raised Oasis Petroleum from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $14.00 in a research note on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.09.

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

Shares of Oasis Petroleum (NYSE:OAS) traded up 0.31% during trading on Wednesday, hitting $13.09. The company had a trading volume of 7,942,742 shares. The firm’s 50 day moving average is $11.48 and its 200-day moving average is $9.99. The stock’s market capitalization is $3.09 billion. Oasis Petroleum has a 52 week low of $3.40 and a 52 week high of $13.50.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Monday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.02. The company had revenue of $177.13 million for the quarter, compared to analysts’ expectations of $186.51 million. Oasis Petroleum had a negative return on equity of 2.98% and a negative net margin of 27.57%. Oasis Petroleum’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.09 EPS.

In related news, major shareholder Advisory Corp Spo sold 2,975,700 shares of Oasis Petroleum 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Taylor L. Reid sold 25,000 shares of Oasis Petroleum stock in a transaction on Monday, September 26th. The stock was sold at an average price of $9.42, for a total transaction of $235,500.00. Following the sale, the chief operating officer now directly owns 1,199,341 shares in the company, valued at approximately $11,297,792.22. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Oasis Petroleum by 24.8% in the first quarter. BlackRock Fund Advisors now owns 4,775,460 shares of the company’s stock valued at $34,765,000 after buying an additional 949,589 shares during the period. JPMorgan Chase & Co. increased its stake in Oasis Petroleum by 49.0% in the first quarter. JPMorgan Chase & Co. now owns 151,501 shares of the company’s stock valued at $1,103,000 after buying an additional 49,832 shares during the period. State Street Corp increased its stake in Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock valued at $56,536,000 after buying an additional 1,388,971 shares during the period. Renaissance Technologies LLC purchased a new stake in Oasis Petroleum during the first quarter valued at about $18,652,000. Finally, Panagora Asset Management Inc. purchased a new stake in Oasis Petroleum during the first quarter valued at about $3,862,000. 72.41% of the stock is currently owned by hedge funds and other institutional investors.

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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, 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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