Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Capital One Financial dropped their Q2 2019 earnings per share (EPS) estimates for Oasis Petroleum in a research note issued to investors on Wednesday, June 5th. Capital One Financial analyst P. Johnston now forecasts that the energy producer will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.14. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Oasis Petroleum’s Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.21 EPS and FY2020 earnings at $0.36 EPS.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, May 7th. The energy producer reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a negative net margin of 6.78% and a positive return on equity of 1.14%. The business had revenue of $575.73 million during the quarter, compared to the consensus estimate of $421.65 million. During the same period in the previous year, the business posted $0.10 EPS. The firm’s revenue was up 21.5% on a year-over-year basis.
Other research analysts also recently issued research reports about the stock. Williams Capital reaffirmed a “buy” rating and issued a $9.00 price target on shares of Oasis Petroleum in a report on Sunday, April 21st. Jefferies Financial Group lowered their price target on shares of Oasis Petroleum from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, March 5th. Ifs Securities downgraded shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $8.00 to $7.00 in a report on Tuesday, April 23rd. Citigroup lowered their price target on shares of Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, March 12th. Finally, ValuEngine raised shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.63.
Shares of NYSE:OAS opened at $5.21 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.74. Oasis Petroleum has a 12 month low of $4.74 and a 12 month high of $14.57. The stock has a market capitalization of $1.65 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.97 and a beta of 2.08.
In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total value of $241,600.00. Following the completion of the sale, the vice president now owns 536,017 shares of the company’s stock, valued at $3,237,542.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Coastal Investment Advisors Inc. bought a new stake in Oasis Petroleum in the first quarter worth about $27,000. PNC Financial Services Group Inc. lifted its stake in Oasis Petroleum by 36.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock worth $44,000 after purchasing an additional 2,129 shares during the last quarter. Piedmont Investment Advisors Inc. bought a new stake in Oasis Petroleum in the fourth quarter worth about $66,000. CWM Advisors LLC bought a new stake in Oasis Petroleum in the fourth quarter worth about $89,000. Finally, LPL Financial LLC lifted its stake in Oasis Petroleum by 60.7% in the fourth quarter. LPL Financial LLC now owns 16,389 shares of the energy producer’s stock worth $91,000 after purchasing an additional 6,191 shares during the last quarter. 99.14% of the stock is owned by institutional investors and hedge funds.
Oasis Petroleum Company Profile
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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.
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