Seaport Global Securities Weighs in on Oasis Petroleum Inc.’s FY2017 Earnings (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Research analysts at Seaport Global Securities boosted their FY2017 EPS estimates for Oasis Petroleum in a report released on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the energy producer will earn ($0.01) per share for the year, up from their prior forecast of ($0.12). Seaport Global Securities also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.38 EPS.

Other equities analysts have also issued research reports about the stock. Piper Jaffray Companies set a $14.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. Morgan Stanley upped their price objective on shares of Oasis Petroleum from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Jefferies Group set a $14.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday, December 13th. Mizuho reiterated a “hold” rating and set a $10.00 price objective on shares of Oasis Petroleum in a report on Friday, September 29th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $10.00 price objective (down previously from $10.50) on shares of Oasis Petroleum in a report on Monday, September 25th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $12.55.

Oasis Petroleum (NYSE OAS) opened at $8.06 on Thursday. The stock has a market cap of $1,910.00, a price-to-earnings ratio of -31.00 and a beta of 2.32. 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 fifty-two week low of $6.69 and a fifty-two week high of $16.42.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million for the quarter, compared to analyst estimates of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. Oasis Petroleum’s revenue for the quarter was up 71.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) earnings per share.

Several institutional investors and hedge funds have recently bought and sold shares of OAS. Bank of New York Mellon Corp raised its holdings in shares of Oasis Petroleum by 90.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after acquiring an additional 2,732,234 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Oasis Petroleum in the 2nd quarter worth about $17,572,000. GMT Capital Corp bought a new stake in Oasis Petroleum in the 3rd quarter worth about $19,487,000. Caymus Capital Partners L.P. grew its position in Oasis Petroleum by 50.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after purchasing an additional 2,086,400 shares in the last quarter. Finally, State Street Corp grew its position in Oasis Petroleum by 24.3% in the 2nd quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after purchasing an additional 1,931,992 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

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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.

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

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