Oasis Petroleum Inc. Expected to Earn FY2017 Earnings of ($0.05) Per Share (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Jefferies Group lifted their FY2017 earnings per share estimates for shares of Oasis Petroleum in a research report issued on Wednesday. Jefferies Group analyst M. Hsu now expects that the energy producer will earn ($0.05) per share for the year, up from their previous estimate of ($0.10). Jefferies Group has a “Buy” rating and a $14.00 price target 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 released its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $264.72 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue was up 71.9% compared to the same quarter last year.

OAS has been the subject of a number of other research reports. BMO Capital Markets set a $11.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 24th. Evercore ISI raised Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. KeyCorp reissued an “overweight” rating on shares of Oasis Petroleum in a report on Wednesday, November 8th. Morgan Stanley decreased their price target on Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Finally, Cowen reissued a “buy” rating and issued a $12.00 price target on shares of Oasis Petroleum in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.55.

Shares of Oasis Petroleum (NYSE:OAS) opened at $8.38 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a twelve month low of $6.69 and a twelve month high of $16.42. The company has a market capitalization of $2,170.67, a PE ratio of -32.23 and a beta of 2.32.

Hedge funds have recently made changes to their positions in the company. Federated Investors Inc. PA acquired a new position in shares of Oasis Petroleum during the 2nd quarter worth approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Oasis Petroleum by 103.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after buying 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 3rd quarter worth approximately $142,000. Teacher Retirement System of Texas raised its stake in shares of 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 worth $150,000 after buying an additional 1,100 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of Oasis Petroleum by 14.1% during the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after buying an additional 2,400 shares during the period. 82.75% of the stock is owned by institutional investors and hedge funds.

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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.

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

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