Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at Seaport Global Securities increased their Q3 2017 earnings estimates for shares of Oasis Petroleum in a report released on Monday. Seaport Global Securities analyst M. Kelly now forecasts that the energy producer will post earnings of ($0.04) per share for the quarter, up from their prior estimate of ($0.05). Seaport Global Securities currently has a “Neutral” rating and a $7.00 target price on the stock. Seaport Global Securities also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.14) EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.05) EPS and FY2018 earnings at ($0.26) EPS.
Other equities analysts also recently issued research reports about the stock. UBS AG upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $14.00 to $13.00 in a research note on Thursday, June 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Oasis Petroleum in a research note on Wednesday, May 17th. Williams Capital reiterated a “hold” rating and issued a $15.00 target price on shares of Oasis Petroleum in a research note on Monday, May 15th. BidaskClub downgraded shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Finally, Cowen and Company set a $14.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Oasis Petroleum has an average rating of “Buy” and a consensus price target of $14.54.
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Oasis Petroleum (NYSE OAS) opened at 8.03 on Wednesday. Oasis Petroleum has a 1-year low of $6.90 and a 1-year high of $17.08. The firm’s market capitalization is $1.91 billion. The stock’s 50 day moving average is $7.81 and its 200 day moving average is $11.50.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $254.10 million for the quarter, compared to analyst estimates of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. Oasis Petroleum’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS.
In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $7.82, for a total transaction of $391,000.00. Following the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the transaction, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in Oasis Petroleum by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 1,615,355 shares of the energy producer’s stock valued at $24,456,000 after buying an additional 116,810 shares during the period. Creative Planning increased its position in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock valued at $348,000 after buying an additional 323 shares during the period. Bank of Montreal Can increased its position in Oasis Petroleum by 110.7% in the first quarter. Bank of Montreal Can now owns 2,332,894 shares of the energy producer’s stock valued at $33,267,000 after buying an additional 1,225,628 shares during the period. Atria Investments LLC increased its position in Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock valued at $243,000 after buying an additional 700 shares during the period. Finally, Nationwide Fund Advisors increased its position in Oasis Petroleum by 6.1% in the first quarter. Nationwide Fund Advisors now owns 260,360 shares of the energy producer’s stock valued at $3,713,000 after buying an additional 14,995 shares during the period. 97.05% of the stock is currently owned by hedge funds and other institutional investors.
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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