FY2018 EPS Estimates for Oasis Petroleum Inc. Raised by Capital One Financial Corporation (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at Capital One Financial Corporation raised their FY2018 earnings estimates for shares of Oasis Petroleum in a research note issued on Tuesday. Capital One Financial Corporation analyst P. Johnston now expects that the energy producer will earn ($0.10) per share for the year, up from their prior estimate of ($0.14).
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The business had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. During the same quarter last year, the company earned ($0.11) earnings per share. The business’s quarterly revenue was up 42.0% compared to the same quarter last year.
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Other research analysts also recently issued reports about the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 price target on shares of Oasis Petroleum in a research report on Thursday, July 20th. Cowen and Company set a $10.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research report on Wednesday, July 19th. Citigroup Inc. lowered their price objective on Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $17.00 price objective on shares of Oasis Petroleum in a research report on Thursday, July 6th. Finally, BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.90.
Shares of Oasis Petroleum (NYSE OAS) opened at 8.48 on Thursday. Oasis Petroleum has a 52-week low of $6.69 and a 52-week high of $17.08. The stock’s 50 day moving average is $8.23 and its 200-day moving average is $9.46. The firm’s market cap is $2.01 billion.
Institutional investors and hedge funds have recently modified their holdings of the company. Bellwether Investment Group LLC lifted its stake in shares of Oasis Petroleum by 7.7% during the second quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after acquiring an additional 1,463 shares during the period. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Oasis Petroleum during the second quarter valued at $509,000. Westpac Banking Corp lifted its stake in shares of Oasis Petroleum by 16.1% during the second quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock valued at $3,723,000 after acquiring an additional 64,023 shares during the period. Caymus Capital Partners L.P. lifted its stake in shares of Oasis Petroleum by 50.2% during the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock valued at $50,229,000 after acquiring an additional 2,086,400 shares during the period. Finally, Piermont Capital Management Inc. acquired a new position in shares of Oasis Petroleum during the second quarter valued at $1,728,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction 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 owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction 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 approximately $9,194,185.14. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by 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, Well Services, and Midstream Services.
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