Oasis Petroleum Inc. to Post Q4 2017 Earnings of ($0.01) Per Share, Jefferies Group Forecasts (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Jefferies Group issued their Q4 2017 earnings estimates for Oasis Petroleum in a research note issued to investors on Monday. Jefferies Group analyst M. Hsu anticipates that the energy producer will earn ($0.01) per share for the quarter. Jefferies Group has a “Buy” rating and a $13.00 price target on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.06 EPS and FY2019 earnings at $0.35 EPS.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The business had revenue of $254.10 million during the quarter, compared to analyst estimates of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. Oasis Petroleum’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS. ILLEGAL ACTIVITY NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/10/13/oasis-petroleum-inc-to-post-q4-2017-earnings-of-0-01-per-share-jefferies-group-forecasts-oas.html.
Several other brokerages have also commented on OAS. Stifel Nicolaus reissued a “hold” rating and set a $10.00 price objective (down previously from $10.50) on shares of Oasis Petroleum in a research report on Monday, September 25th. Royal Bank Of Canada set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Oasis Petroleum in a research report on Saturday, September 16th. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Hold” and a consensus price target of $13.90.
Shares of Oasis Petroleum (NYSE OAS) traded up 1.3702% during mid-day trading on Wednesday, reaching $8.5151. 1,332,435 shares of the company’s stock were exchanged. Oasis Petroleum has a one year low of $6.69 and a one year high of $17.08. The stock has a 50-day moving average of $8.19 and a 200 day moving average of $9.49. The firm’s market capitalization is $2.02 billion.
In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the transaction, the insider now directly owns 1,175,727 shares in the company, valued at $9,194,185.14. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA purchased a new position in Oasis Petroleum in the 2nd quarter worth approximately $121,000. Teacher Retirement System of Texas lifted its holdings in Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after purchasing an additional 1,100 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Oasis Petroleum by 14.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after purchasing an additional 2,400 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in Oasis Petroleum in the 2nd quarter worth approximately $161,000. Finally, Bellwether Investment Group LLC lifted its holdings in Oasis Petroleum by 7.7% in the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after purchasing an additional 1,463 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.
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.
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