Oasis Petroleum Inc. (NYSE:OAS) – Analysts at Jefferies Group dropped their Q1 2019 earnings per share (EPS) estimates for Oasis Petroleum in a report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst M. Hsu now expects that the energy producer will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.07. Jefferies Group has a “Buy” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q2 2019 earnings at $0.07 EPS.
A number of other analysts also recently commented on OAS. Morgan Stanley restated an “equal weight” rating on shares of Oasis Petroleum in a research note on Saturday, September 16th. Stifel Nicolaus restated a “hold” rating and issued a $10.00 target price (down previously from $10.50) on shares of Oasis Petroleum in a research note on Monday, September 25th. Mizuho restated a “hold” rating and issued a $10.00 target price on shares of Oasis Petroleum in a research note on Friday, September 29th. Piper Jaffray Companies set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Goldman Sachs Group upgraded Oasis Petroleum from a “sell” rating to a “neutral” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.55.
Shares of Oasis Petroleum (OAS) opened at $9.27 on Friday. Oasis Petroleum has a one year low of $6.69 and a one year high of $15.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76.
Oasis Petroleum (NYSE:OAS) last issued its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same quarter in the prior year, the business earned ($0.19) earnings per share. The company’s revenue was up 71.9% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Oasis Petroleum by 0.6% during the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock valued at $157,152,000 after acquiring an additional 125,706 shares during the last quarter. State Street Corp raised its holdings in shares of Oasis Petroleum by 24.3% during the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after acquiring an additional 1,931,992 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Oasis Petroleum by 4.1% during the second quarter. Alliancebernstein L.P. now owns 6,855,946 shares of the energy producer’s stock valued at $55,190,000 after acquiring an additional 270,140 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Oasis Petroleum by 10.0% during the third quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock valued at $57,743,000 after acquiring an additional 576,272 shares during the last quarter. Finally, Hermes Investment Management Ltd. raised its holdings in shares of Oasis Petroleum by 11.5% during the third quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after acquiring an additional 490,057 shares during the last quarter. 82.75% of the stock is owned by institutional investors and hedge funds.
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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.
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