Oasis Petroleum Inc. (NYSE:OAS) – Equities researchers at Jefferies Group decreased their Q1 2018 EPS estimates for Oasis Petroleum in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Hsu now anticipates that the energy producer will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.08. Jefferies Group currently has a “Buy” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q2 2018 earnings at $0.05 EPS.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. The business had revenue of $285.10 million for the quarter, compared to the consensus estimate of $252.72 million. During the same period in the prior year, the business posted ($0.18) earnings per share. Oasis Petroleum’s revenue for the quarter was up 119.3% compared to the same quarter last year. WARNING: This report was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/05/20/q1-2018-earnings-estimate-for-oasis-petroleum-inc-issued-by-jefferies-group-oas.html.
OAS has been the topic of a number of other reports. Williams Capital restated a “hold” rating and set a $15.00 price objective on shares of Oasis Petroleum in a report on Monday, May 15th. Bank of America Corp lowered shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $16.00 in a report on Thursday, May 11th. SunTrust Banks, Inc. upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $17.00 in a report on Wednesday, May 3rd. Deutsche Bank AG upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. Finally, Seaport Global Securities upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, March 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $15.37.
Oasis Petroleum (NYSE:OAS) opened at 11.97 on Thursday. The stock has a 50 day moving average of $12.55 and a 200-day moving average of $13.59. The firm’s market capitalization is $2.84 billion. Oasis Petroleum has a 1-year low of $6.56 and a 1-year high of $17.08.
Several hedge funds have recently made changes to their positions in OAS. CSS LLC IL bought a new stake in shares of Oasis Petroleum during the third quarter valued at approximately $115,000. Usca Ria LLC bought a new stake in shares of Oasis Petroleum during the third quarter valued at approximately $118,000. Stephens Inc. AR increased its stake in shares of Oasis Petroleum by 17.0% in the third quarter. Stephens Inc. AR now owns 11,700 shares of the energy producer’s stock valued at $134,000 after buying an additional 1,700 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after buying an additional 1,526 shares during the last quarter. Finally, TCW Group Inc. bought a new stake in shares of Oasis Petroleum during the fourth quarter valued at approximately $215,000. 78.29% of the stock is owned by institutional investors and hedge funds.
In related news, Director John E. Hagale bought 15,000 shares of Oasis Petroleum stock in a transaction that occurred on Friday, February 24th. The stock was acquired at an average price of $14.05 per share, with a total value of $210,750.00. Following the acquisition, the director now owns 44,100 shares of the company’s stock, valued at approximately $619,605. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.
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.
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