Oasis Petroleum Inc. Expected to Post Q4 2017 Earnings of $0.09 Per Share (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Equities researchers at Capital One Financial boosted their Q4 2017 earnings estimates for shares of Oasis Petroleum in a report issued on Tuesday. Capital One Financial analyst P. Johnston now forecasts that the energy producer will earn $0.09 per share for the quarter, up from their prior forecast of $0.03. Capital One Financial also issued estimates for Oasis Petroleum’s FY2018 earnings at $0.31 EPS.

OAS has been the topic of a number of other reports. BMO Capital Markets set a $11.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Evercore ISI raised shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research report on Friday, November 3rd. KeyCorp reissued an “overweight” rating on shares of Oasis Petroleum in a research report on Wednesday, November 8th. Morgan Stanley reduced their target price on shares of Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Finally, Cowen reissued a “buy” rating and set a $12.00 target price on shares of Oasis Petroleum in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.96.

Shares of Oasis Petroleum (NYSE:OAS) opened at $7.76 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $15.27. The stock has a market cap of $2,127.57, a P/E ratio of -29.85 and a beta of 2.23.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hermes Investment Management Ltd. raised its holdings in Oasis Petroleum by 11.5% in the third quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after acquiring an additional 490,057 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Oasis Petroleum by 21.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,545,556 shares of the energy producer’s stock valued at $14,096,000 after acquiring an additional 269,152 shares in the last quarter. GMT Capital Corp acquired a new stake in shares of Oasis Petroleum during the third quarter worth $19,487,000. Precocity Capital LP raised its holdings in shares of Oasis Petroleum by 20.5% during the third quarter. Precocity Capital LP now owns 1,325,000 shares of the energy producer’s stock worth $12,084,000 after purchasing an additional 225,000 shares during the period. Finally, Wealthsource Partners LLC raised its holdings in shares of Oasis Petroleum by 48.9% during the third quarter. Wealthsource Partners LLC now owns 50,004 shares of the energy producer’s stock worth $456,000 after purchasing an additional 16,425 shares during the period. 83.77% of the stock is currently owned by hedge funds and other institutional investors.

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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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