Oasis Petroleum Inc. Forecasted to Post FY2018 Earnings of $0.41 Per Share (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at SunTrust Banks lowered their FY2018 EPS estimates for Oasis Petroleum in a research note issued on Tuesday, November 6th. SunTrust Banks analyst N. Dingmann now forecasts that the energy producer will post earnings per share of $0.41 for the year, down from their prior forecast of $0.48. SunTrust Banks has a “Hold” rating and a $11.00 price target on the stock. SunTrust Banks also issued estimates for Oasis Petroleum’s Q4 2018 earnings at $0.13 EPS and FY2020 earnings at $1.47 EPS.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The business had revenue of $546.50 million during the quarter, compared to the consensus estimate of $455.65 million. Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The company’s revenue for the quarter was up 79.4% on a year-over-year basis.

OAS has been the subject of several other reports. Zacks Investment Research upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, October 12th. Morgan Stanley raised their price objective on shares of Oasis Petroleum from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Royal Bank of Canada restated a “buy” rating and set a $15.00 price objective on shares of Oasis Petroleum in a research note on Friday, July 13th. Piper Jaffray Companies restated an “overweight” rating on shares of Oasis Petroleum in a research note on Friday, September 28th. Finally, Ifs Securities initiated coverage on shares of Oasis Petroleum in a research note on Monday, October 29th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.28.

Shares of Oasis Petroleum stock opened at $9.36 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.48. The stock has a market capitalization of $3.14 billion, a P/E ratio of 468.00, a price-to-earnings-growth ratio of 1.36 and a beta of 2.22. Oasis Petroleum has a 1 year low of $7.31 and a 1 year high of $14.57.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC boosted its holdings in shares of Oasis Petroleum by 6.8% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 73,286 shares of the energy producer’s stock valued at $951,000 after acquiring an additional 4,680 shares during the last quarter. Ashburton Jersey Ltd boosted its holdings in shares of Oasis Petroleum by 4.9% during the 3rd quarter. Ashburton Jersey Ltd now owns 118,700 shares of the energy producer’s stock valued at $1,683,000 after acquiring an additional 5,520 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Oasis Petroleum by 28.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 25,567 shares of the energy producer’s stock valued at $334,000 after acquiring an additional 5,719 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Oasis Petroleum by 32.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,405 shares of the energy producer’s stock valued at $303,000 after acquiring an additional 5,794 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Oasis Petroleum by 96.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 18,268 shares of the energy producer’s stock valued at $2,167,000 after acquiring an additional 8,990 shares during the last quarter. 97.19% of the stock is currently owned by hedge funds and other institutional investors.

Oasis Petroleum Company Profile

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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

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