Oasis Petroleum Inc. (NYSE:OAS) – Jefferies Group raised their FY2017 earnings estimates for shares of Oasis Petroleum in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Hsu now forecasts that the energy producer will earn ($0.05) per share for the year, up from their prior estimate of ($0.10). Jefferies Group has a “Buy” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS and FY2019 earnings at $0.33 EPS.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same quarter last year, the company earned ($0.19) earnings per share. The business’s revenue for the quarter was up 71.9% compared to the same quarter last year.

Several other research analysts also recently commented on OAS. Mizuho reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Oasis Petroleum in a research note on Friday, September 29th. Macquarie downgraded Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Thursday, December 14th. Piper Jaffray Companies set a $15.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price objective (down previously from $10.50) on shares of Oasis Petroleum in a research note on Monday, September 25th. Finally, Morgan Stanley raised their price objective on Oasis Petroleum from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.55.

Oasis Petroleum (OAS) opened at $8.06 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $16.42. The company has a market capitalization of $1,910.00, a PE ratio of -31.00 and a beta of 2.32.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in 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 valued at $238,000 after buying 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 valued at $166,000 after buying 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 valued at $150,000 after buying 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 valued at $166,000 after buying 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 valued at $610,000 after buying an additional 2,062 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

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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, Well Services, and Midstream Services.

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

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