SunTrust Banks Comments on Oasis Petroleum Inc.’s FY2017 Earnings (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for Oasis Petroleum in a research report issued on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the energy producer will post earnings per share of ($0.11) for the year, up from their previous estimate of ($0.21). SunTrust Banks also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.02) EPS, FY2018 earnings at $0.10 EPS and FY2020 earnings at $0.60 EPS.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. Oasis Petroleum’s quarterly revenue was up 71.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) EPS. TRADEMARK VIOLATION NOTICE: This story was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at

OAS has been the subject of a number of other research reports. Mizuho reaffirmed a “hold” rating and set a $10.00 price target on shares of Oasis Petroleum in a research report on Friday, September 29th. Evercore ISI raised Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research 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. BMO Capital Markets set a $11.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a report on Sunday, August 13th. Finally, Deutsche Bank AG downgraded Oasis Petroleum from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $11.00 in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.27.

Oasis Petroleum (NYSE:OAS) opened at $10.04 on Monday. 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 has a 52-week low of $6.69 and a 52-week high of $17.08.

In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the sale, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bellwether Investment Group LLC lifted its holdings in shares of 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 buying an additional 1,463 shares during the period. Westpac Banking Corp lifted its holdings in shares of Oasis Petroleum by 16.1% during the 2nd quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock valued at $3,723,000 after buying an additional 64,023 shares during the period. Caymus Capital Partners L.P. lifted its holdings in shares of Oasis Petroleum by 50.2% during the 2nd quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock valued at $50,229,000 after buying an additional 2,086,400 shares during the period. Piermont Capital Management Inc. bought a new position in shares of Oasis Petroleum during the 2nd quarter valued at $1,728,000. Finally, Hermes Investment Management Ltd. lifted its holdings in shares of Oasis Petroleum by 11.5% during the 3rd quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after buying an additional 490,057 shares during the period. 93.37% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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