Oasis Petroleum Inc. (NYSE:OAS) – Research analysts at Jefferies Group issued their Q4 2017 earnings per share estimates for Oasis Petroleum in a research note issued to investors on Monday. Jefferies Group analyst M. Hsu expects that the energy producer will post earnings per share of ($0.01) for the quarter. Jefferies Group has a “Buy” rating and a $13.00 price objective 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 posted its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million for the quarter, compared to the consensus estimate of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share.
Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Cowen and Company set a $10.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Mizuho reissued a “hold” rating and set a $10.00 price target on shares of Oasis Petroleum in a research report on Friday, September 29th. Citigroup Inc. cut their price target on shares of Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Finally, Seaport Global Securities cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $7.00 in a research report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.90.
Oasis Petroleum (OAS) traded down 2.32% during trading on Wednesday, reaching $8.42. 1,915,629 shares of the company’s stock traded hands. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $17.08. The firm’s market cap is $2.00 billion. The firm has a 50 day moving average price of $8.16 and a 200-day moving average price of $9.50.
Large investors have recently made changes to their positions in the business. Bellwether Investment Group LLC grew its position in shares of 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 purchasing an additional 1,463 shares in the last quarter. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Oasis Petroleum during the 2nd quarter worth approximately $509,000. Westpac Banking Corp grew its position in shares of Oasis Petroleum by 16.1% during the 2nd quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock worth $3,723,000 after purchasing an additional 64,023 shares in the last quarter. Caymus Capital Partners L.P. grew its position in shares of Oasis Petroleum by 50.2% during the 2nd quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after purchasing an additional 2,086,400 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Oasis Petroleum by 2.9% during the 1st quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock worth $251,000 after purchasing an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total transaction of $391,000.00. Following the transaction, 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. Corporate insiders own 1.90% of the company’s stock.
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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