Capital One Financial Corporation Comments on Oasis Petroleum Inc.’s FY2018 Earnings (NYSE:OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Capital One Financial Corporation decreased their FY2018 earnings per share (EPS) estimates for shares of Oasis Petroleum in a research note issued to investors on Thursday. Capital One Financial Corporation analyst P. Johnston now forecasts that the energy producer will earn ($0.24) per share for the year, down from their prior forecast of $0.06.

Other analysts have also issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Oasis Petroleum in a research note on Wednesday, May 17th. Royal Bank Of Canada set a $19.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, June 8th. UBS AG raised Oasis Petroleum from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $14.00 to $13.00 in a research note on Thursday, June 8th. SunTrust Banks, Inc. raised Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, May 3rd. Finally, BMO Capital Markets set a $18.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.54.

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Oasis Petroleum (NYSE:OAS) traded down 0.436% during midday trading on Monday, reaching $7.995. 7,898,770 shares of the company traded hands. The firm has a 50-day moving average of $7.81 and a 200-day moving average of $11.50. Oasis Petroleum has a 1-year low of $6.90 and a 1-year high of $17.08. The stock’s market capitalization is $1.90 billion.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company 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%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS.

In related news, Chairman Thomas B. Nusz sold 187,236 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the sale, the chairman now owns 1,469,546 shares in the company, valued at approximately $13,960,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the sale, the insider now 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.

Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in Oasis Petroleum by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 1,615,355 shares of the energy producer’s stock valued at $24,456,000 after buying an additional 116,810 shares in the last quarter. Peregrine Capital Management LLC increased its stake in Oasis Petroleum by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,103,501 shares of the energy producer’s stock valued at $15,239,000 after buying an additional 75,768 shares in the last quarter. Creative Planning increased its stake in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock valued at $348,000 after buying an additional 323 shares in the last quarter. Bank of Montreal Can increased its stake in Oasis Petroleum by 110.7% in the first quarter. Bank of Montreal Can now owns 2,332,894 shares of the energy producer’s stock valued at $33,267,000 after buying an additional 1,225,628 shares in the last quarter. Finally, Atria Investments LLC increased its stake in Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock valued at $243,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 97.05% 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.

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

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