KeyCorp reissued their overweight rating on shares of Oasis Petroleum Inc. (NYSE:OAS) in a report released on Wednesday morning. KeyCorp also issued estimates for Oasis Petroleum’s Q4 2017 earnings at $0.03 EPS, FY2017 earnings at ($0.07) EPS and FY2018 earnings at $0.09 EPS.
Other research analysts also recently issued research reports about the stock. Citigroup Inc. lowered their price target on shares of Oasis Petroleum from $13.00 to $12.00 and set a buy rating for the company in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a buy rating and issued a $14.00 price target on shares of Oasis Petroleum in a report on Thursday, July 20th. Cowen and Company set a $10.00 price target on shares of Oasis Petroleum and gave the company a buy rating in a report on Wednesday, July 19th. William Blair raised shares of Oasis Petroleum from a hold rating to a buy rating in a research note on Tuesday, July 18th. Finally, Williams Capital raised shares of Oasis Petroleum from a hold rating to a buy rating and raised their price objective for the stock from $12.00 to $13.00 in a research note 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 given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $13.27.
Shares of Oasis Petroleum (NYSE OAS) traded up $0.01 during trading hours on Wednesday, hitting $10.78. 8,769,700 shares of the company were exchanged, compared to its average volume of 8,536,310. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.79. Oasis Petroleum has a 1 year low of $6.69 and a 1 year high of $17.08.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.31%. The firm had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. During the same quarter last year, the firm earned ($0.19) EPS. The firm’s revenue for the quarter was up 71.9% compared to the same quarter last year. sell-side analysts forecast that Oasis Petroleum will post -0.13 earnings per share for the current year.
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In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Federated Investors Inc. PA acquired a new stake in shares of Oasis Petroleum during the second quarter worth $121,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after buying an additional 7,720 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Oasis Petroleum during the third quarter valued at $142,000. Teacher Retirement System of Texas lifted its position in Oasis Petroleum by 6.3% during the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after purchasing an additional 1,100 shares during the period. Finally, Advisory Services Network LLC lifted its position in Oasis Petroleum by 14.1% during the second quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after purchasing an additional 2,400 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.
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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