Equities Analysts Set Expectations for Oasis Petroleum Inc.’s FY2017 Earnings (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Seaport Global Securities upped their FY2017 earnings per share estimates for shares of Oasis Petroleum in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the energy producer will post earnings of ($0.01) per share for the year, up from their prior forecast of ($0.12). Seaport Global Securities also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.38 EPS.

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

OAS has been the topic of a number of other research reports. Piper Jaffray Companies set a $15.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Thursday, December 14th. Jefferies Group set a $14.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Wednesday, December 13th. Macquarie lowered shares of Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Thursday, December 14th. Morgan Stanley raised their target price on shares of Oasis Petroleum from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Guggenheim lowered shares of Oasis Petroleum from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.55.

Oasis Petroleum (NYSE OAS) opened at $8.18 on Thursday. 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 one year low of $6.69 and a one year high of $16.42.

Large investors have recently modified their holdings of the company. Federated Investors Inc. PA acquired a new position in shares of Oasis Petroleum during the second quarter worth $121,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after purchasing an additional 7,720 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Oasis Petroleum during the third quarter worth $142,000. Teacher Retirement System of Texas lifted its holdings in Oasis Petroleum by 6.3% in the second 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 during the period. Finally, Sei Investments Co. lifted its holdings in Oasis Petroleum by 16,797.3% in the third quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock valued at $174,000 after buying an additional 18,981 shares during the period. Institutional investors 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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