Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at SunTrust Banks raised their FY2019 EPS estimates for Oasis Petroleum in a research report issued on Tuesday, November 6th. SunTrust Banks analyst N. Dingmann now forecasts that the energy producer will post earnings per share of $1.07 for the year, up from their previous estimate of $0.92. SunTrust Banks currently has a “Hold” rating and a $11.00 price target on the stock.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Monday, November 5th. The energy producer reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The firm had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $455.65 million. Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. Oasis Petroleum’s revenue for the quarter was up 79.4% on a year-over-year basis.
A number of other equities analysts have also recently weighed in on OAS. Seaport Global Securities reissued a “buy” rating on shares of Oasis Petroleum in a report on Friday, September 7th. Piper Jaffray Companies reissued a “buy” rating and set a $26.00 price objective on shares of Oasis Petroleum in a report on Friday, July 20th. Jefferies Financial Group reissued a “neutral” rating on shares of Oasis Petroleum in a report on Friday, July 13th. Stifel Nicolaus raised their price target on Oasis Petroleum from $10.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Buy” and an average target price of $14.28.
Shares of NYSE OAS opened at $9.36 on Thursday. The stock has a market cap of $3.26 billion, a P/E ratio of 468.00, a PEG ratio of 1.45 and a beta of 2.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.48 and a current ratio of 0.59. Oasis Petroleum has a 1-year low of $7.31 and a 1-year high of $14.57.
Hedge funds have recently modified their holdings of the company. Oakbrook Investments LLC bought a new stake in shares of Oasis Petroleum in the 2nd quarter worth approximately $131,000. CIBC Asset Management Inc bought a new stake in shares of Oasis Petroleum in the 2nd quarter worth approximately $150,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Oasis Petroleum in the 3rd quarter worth approximately $157,000. Russell Investments Group Ltd. grew its position in shares of Oasis Petroleum by 297.0% in the 1st quarter. Russell Investments Group Ltd. now owns 19,848 shares of the energy producer’s stock worth $161,000 after buying an additional 14,848 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in shares of Oasis Petroleum in the 2nd quarter worth approximately $171,000. Hedge funds and other institutional investors own 97.19% 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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