Capital One Financial Corp. Weighs in on Oasis Petroleum Inc.’s Q1 2017 Earnings (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at Capital One Financial Corp. issued their Q1 2017 earnings estimates for shares of Oasis Petroleum in a report issued on Thursday, Zacks Investment Research reports. Capital One Financial Corp. analyst P. Johnston anticipates that the energy producer will earn ($0.06) per share for the quarter. Capital One Financial Corp. also issued estimates for Oasis Petroleum’s Q2 2017 earnings at ($0.07) EPS.

A number of other research analysts have also recently issued reports on OAS. BMO Capital Markets raised shares of Oasis Petroleum from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $14.26 to $18.00 in a report on Friday, March 31st. Royal Bank of Canada set a $17.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Saturday, February 25th. Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, December 29th. Stifel Nicolaus assumed coverage on shares of Oasis Petroleum in a report on Friday, April 7th. They issued a “hold” rating and a $13.00 price target for the company. Finally, Canaccord Genuity set a $15.00 price target on shares of Oasis Petroleum and gave the stock a “hold” rating in a report on Monday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $15.22.

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

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Oasis Petroleum (NYSE:OAS) traded up 1.02% during trading on Friday, hitting $11.88. 10,299,651 shares of the stock traded hands. Oasis Petroleum has a 12 month low of $6.56 and a 12 month high of $17.08. The firm’s market cap is $2.82 billion. The firm has a 50-day moving average price of $13.33 and a 200 day moving average price of $13.51.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, February 22nd. The energy producer reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. The firm earned $200.67 million during the quarter, compared to analyst estimates of $204.39 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in shares of Oasis Petroleum by 16.6% in the third quarter. Victory Capital Management Inc. now owns 3,505,137 shares of the energy producer’s stock valued at $40,203,000 after buying an additional 498,629 shares during the period. TPH Asset Management LLC raised its position in Oasis Petroleum by 14.3% in the third quarter. TPH Asset Management LLC now owns 2,301,154 shares of the energy producer’s stock worth $26,394,000 after buying an additional 288,254 shares during the last quarter. BlackRock Advisors LLC raised its position in Oasis Petroleum by 231.4% in the third quarter. BlackRock Advisors LLC now owns 282,356 shares of the energy producer’s stock worth $3,239,000 after buying an additional 197,162 shares during the last quarter. BlackRock Inc. raised its position in Oasis Petroleum by 75.2% in the third quarter. BlackRock Inc. now owns 96,742 shares of the energy producer’s stock worth $1,110,000 after buying an additional 41,521 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in Oasis Petroleum by 60.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,006,350 shares of the energy producer’s stock worth $34,483,000 after buying an additional 1,126,850 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

In related news, Director John E. Hagale bought 15,000 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were acquired at an average price of $14.05 per share, for a total transaction of $210,750.00. Following the completion of the transaction, the director now directly owns 44,100 shares in the company, valued at $619,605. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

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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