Oasis Petroleum Inc. (NYSE:OAS) – Stock analysts at SunTrust Banks upped their FY2019 earnings per share estimates for Oasis Petroleum in a research note issued to investors on Tuesday, November 6th. SunTrust Banks analyst N. Dingmann now forecasts that the energy producer will post earnings of $1.07 per share for the year, up from their previous forecast of $0.92. SunTrust Banks currently has a “Hold” rating and a $11.00 price target on the stock.

A number of other research analysts have also recently issued reports on the company. Piper Jaffray Companies reiterated an “overweight” rating on shares of Oasis Petroleum in a research note on Friday, September 28th. Jefferies Financial Group upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, October 15th. Wolfe Research upgraded Oasis Petroleum from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Morgan Stanley lowered their price objective on Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. Finally, KLR Group reiterated a “buy” rating and set a $18.00 price objective on shares of Oasis Petroleum in a research note on Monday, August 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $14.28.

Shares of NYSE:OAS opened at $9.36 on Thursday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 468.00, a P/E/G ratio of 1.45 and a beta of 2.22. Oasis Petroleum has a 12-month low of $7.31 and a 12-month high of $14.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.48.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The company 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%. The company’s revenue for the quarter was up 79.4% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Pine Brook Road Advisors LP purchased a new stake in Oasis Petroleum during the second quarter valued at $111,635,000. GMT Capital Corp increased its position in Oasis Petroleum by 43.1% during the second quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock valued at $200,613,000 after acquiring an additional 4,655,700 shares during the last quarter. BlueMountain Capital Management LLC increased its position in Oasis Petroleum by 744.5% during the second quarter. BlueMountain Capital Management LLC now owns 3,903,089 shares of the energy producer’s stock valued at $50,623,000 after acquiring an additional 3,440,937 shares during the last quarter. Exencial Wealth Advisors LLC purchased a new stake in Oasis Petroleum during the third quarter valued at $37,459,000. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in Oasis Petroleum during the second quarter valued at $15,503,000. 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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Earnings History and Estimates for Oasis Petroleum (NYSE:OAS)

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