Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at KeyCorp issued their FY2018 earnings per share estimates for Oasis Petroleum in a research note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum anticipates that the energy producer will earn $0.13 per share for the year. KeyCorp has a “Overweight” rating on the stock.
Several other analysts have also issued reports on OAS. Piper Jaffray Companies set a $15.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday. Mizuho reaffirmed a “hold” rating and issued a $10.00 target price on shares of Oasis Petroleum in a research note on Friday, September 29th. Macquarie lowered Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Thursday. Jefferies Group set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Morgan Stanley upped their target price 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 analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.55.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The company had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. Oasis Petroleum’s revenue was up 71.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.19) earnings per share.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Oasis Petroleum by 0.6% during the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock valued at $157,152,000 after acquiring an additional 125,706 shares in the last quarter. State Street Corp raised its holdings in shares of Oasis Petroleum by 24.3% during the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after acquiring an additional 1,931,992 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Oasis Petroleum by 4.1% during the second quarter. Alliancebernstein L.P. now owns 6,855,946 shares of the energy producer’s stock valued at $55,190,000 after acquiring an additional 270,140 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Oasis Petroleum by 10.0% during the third quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock valued at $57,743,000 after acquiring an additional 576,272 shares in the last quarter. Finally, Caymus Capital Partners L.P. raised its holdings 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 in the last quarter. Institutional investors own 93.94% 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.
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