Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at Seaport Global Securities upped their FY2018 earnings estimates for Oasis Petroleum in a report issued on Friday, June 29th. Seaport Global Securities analyst M. Kelly now anticipates that the energy producer will post earnings per share of $0.38 for the year, up from their prior forecast of $0.37. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Oasis Petroleum’s Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.84 EPS.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Monday, May 7th. The energy producer reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $421.20 million during the quarter, compared to analyst estimates of $370.13 million. Oasis Petroleum had a return on equity of 1.39% and a net margin of 7.26%. The company’s revenue was up 47.7% compared to the same quarter last year. During the same period last year, the company posted ($0.05) EPS.
Several other equities research analysts have also weighed in on the company. Stifel Nicolaus raised their price objective on Oasis Petroleum from $10.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, June 26th. Williams Capital reissued a “buy” rating and set a $18.00 price objective on shares of Oasis Petroleum in a research note on Tuesday, June 26th. Zacks Investment Research lowered Oasis Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Jefferies Financial Group lowered Oasis Petroleum from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.56 to $14.00 in a research note on Monday, June 11th. Finally, ValuEngine raised Oasis Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, May 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.26.
OAS opened at $12.97 on Monday. The firm has a market cap of $4.12 billion, a PE ratio of 648.50, a P/E/G ratio of 2.12 and a beta of 2.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.63 and a quick ratio of 0.59. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $13.87.
In related news, VP Michael H. Lou sold 16,000 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $12.27, for a total transaction of $196,320.00. Following the completion of the sale, the vice president now directly owns 434,959 shares in the company, valued at $5,336,946.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Nickolas J. Lorentzatos sold 19,181 shares of the stock in a transaction on Saturday, May 5th. The stock was sold at an average price of $11.90, for a total value of $228,253.90. Following the sale, the vice president now owns 257,632 shares of the company’s stock, valued at $3,065,820.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,181 shares of company stock valued at $791,174. 1.50% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in OAS. Encap Energy Capital Fund Viii L.P. purchased a new stake in shares of Oasis Petroleum during the fourth quarter worth $386,860,000. Victory Capital Management Inc. raised its holdings in shares of Oasis Petroleum by 53.7% during the first quarter. Victory Capital Management Inc. now owns 5,094,167 shares of the energy producer’s stock worth $41,263,000 after acquiring an additional 1,779,729 shares in the last quarter. Keeley Teton Advisors LLC purchased a new stake in shares of Oasis Petroleum during the fourth quarter worth $13,909,000. Luminus Management LLC raised its holdings in shares of Oasis Petroleum by 55.9% during the fourth quarter. Luminus Management LLC now owns 3,584,787 shares of the energy producer’s stock worth $30,148,000 after acquiring an additional 1,284,787 shares in the last quarter. Finally, Precocity Capital LP raised its holdings in shares of Oasis Petroleum by 88.7% during the fourth quarter. Precocity Capital LP now owns 2,500,000 shares of the energy producer’s stock worth $21,025,000 after acquiring an additional 1,175,000 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.
About Oasis Petroleum
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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