Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at KeyCorp raised their FY2017 earnings estimates for shares of Oasis Petroleum in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the energy producer will post earnings per share of ($0.03) for the year, up from their previous estimate of ($0.07). KeyCorp has a “Overweight” rating on the stock.
OAS has been the subject of a number of other research reports. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research note on Tuesday, October 24th. Jefferies Group set a $13.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, August 29th. Evercore ISI raised Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. Morgan Stanley reduced their target price on Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 18th. Finally, Cowen reaffirmed a “buy” rating and set a $12.00 target price on shares of Oasis Petroleum in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.55.
Shares of Oasis Petroleum (OAS) opened at $7.84 on Friday. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $16.73. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $264.72 million. During the same quarter last year, the firm earned ($0.19) EPS. Oasis Petroleum’s quarterly revenue was up 71.9% on a year-over-year basis.
In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’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 sale, the vice president now owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Amalgamated Bank raised its stake in Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock valued at $238,000 after acquiring an additional 323 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock valued at $166,000 after acquiring an additional 1,089 shares in the last quarter. Teacher Retirement System of Texas raised its stake in 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 valued at $150,000 after acquiring an additional 1,100 shares in the last quarter. Bellwether Investment Group LLC raised its stake in Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Energy Opportunities Capital Management LLC raised its stake in Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock valued at $610,000 after acquiring an additional 2,062 shares in the last quarter. 93.94% of the stock is currently owned by hedge funds and other institutional investors.
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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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