FY2017 Earnings Estimate for Oasis Petroleum Inc. Issued By SunTrust Banks (OAS)
Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at SunTrust Banks raised their FY2017 earnings per share estimates for shares of Oasis Petroleum in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the energy producer will post earnings per share of ($0.11) for the year, up from their previous forecast of ($0.21). SunTrust Banks also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.02) EPS, FY2018 earnings at $0.10 EPS and FY2020 earnings at $0.60 EPS.
Oasis Petroleum (NYSE:OAS) last issued its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The firm had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. During the same quarter in the prior year, the business earned ($0.19) earnings per share. Oasis Petroleum’s revenue for the quarter was up 71.9% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/14/fy2017-earnings-estimate-for-oasis-petroleum-inc-issued-by-suntrust-banks-oas.html.
OAS has been the subject of a number of other research reports. BMO Capital Markets set a $11.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Jefferies Group LLC set a $13.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Evercore ISI upgraded shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research report on Friday, November 3rd. Bank of America Corporation initiated coverage on shares of Oasis Petroleum in a research report on Wednesday, July 19th. They set a “neutral” rating and a $9.00 target price for the company. Finally, Citigroup Inc. lowered their price objective on shares of Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus target price of $13.27.
Oasis Petroleum (NYSE:OAS) opened at $10.49 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76. Oasis Petroleum has a 12-month low of $6.69 and a 12-month high of $17.08.
A number of institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its holdings in Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock worth $238,000 after acquiring an additional 323 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,089 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Oasis Petroleum by 6.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after acquiring an additional 1,100 shares in the last quarter. Bellwether Investment Group LLC grew its holdings in Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Energy Opportunities Capital Management LLC grew its holdings in Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock worth $610,000 after acquiring an additional 2,062 shares in the last quarter. Institutional investors own 93.37% of the company’s stock.
In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were 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 approximately $1,599,218.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% 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, Well Services, and Midstream Services.
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