Economy

Analysts Recommendations Oasis Petroleum Inc. (OAS)

The fund owned 4,756,633 shares of the energy producer's stock after acquiring an additional 490,057 shares during the period. They now have a Dollars 13 price target on the stock.

A number of other equities analysts also recently issued reports on OAS.

Oasis Petroleum Inc. had its "neutral" rating reiterated by analysts at Goldman Sachs.

On July 21 Citigroup held the stock rating at "Buy" and moved down the price target from $13.00 to $12.00. The firm now has a buy rating on the energy producer's stock. Prudential Financial holds 0% of its portfolio in Oasis Petroleum Inc. According to these analysts, the Low Revenue Estimate for Oasis Petroleum Inc.is 220.4 Million and the High Revenue Estimate is 287.53 Million. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average.

While looking at the Stock's Performance, Oasis Petroleum Inc. now shows a Weekly Performance of 2.14%, where Monthly Performance is -3.7%, Quarterly performance is 14.55%, 6 Months performance is -27.35% and yearly performance percentage is -23.32%. Oasis Petroleum Inc. has $20 highest and $3 lowest target. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. They expect $-0.06 EPS, up 64.71% or $0.11 from last year's $-0.17 per share. Oasis Petroleum's quarterly revenue was up 42.0% on a year-over-year basis. Analysts predict that Oasis Petroleum will post ($0.15) earnings per share for the current fiscal year. If you are accessing this story on another domain, it was copied illegally and republished in violation of global trademark and copyright legislation. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law. The legal version of this story can be viewed at https://stocknewstimes.com/2017/10/20/oasis-petroleum-inc-oas-earns-overweight-rating-from-piper-jaffray-companies.html.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the sale, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27.

In other Oasis Petroleum news, COO Taylor L. Reid sold 25,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $7.82, for a total transaction of $391,000.00.

Since June 7, 2017, it had 0 insider buys, and 1 sale for $1.78 million activity. The disclosure for this sale can be found here.

06/02/2017 - Credit Suisse began new coverage on Oasis Petroleum Inc. giving the company a "neutral" rating. Teacher Retirement System of Texas lifted its position in Oasis Petroleum by 6.3% 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 in the last quarter. Advisory Services Network LLC raised its stake in Oasis Petroleum by 14.1% during the 2nd quarter. 1492 Capital Management Llc owns 363,554 shares or 2.99% of their USA portfolio. Finally, Stephens Inc. AR raised its stake in shares of Oasis Petroleum by 17.0% in the third quarter.

Many analysts are providing their Estimated Earnings analysis for Oasis Petroleum Inc. and for the current quarter 29 analysts have projected that the stock could give an Average Earnings estimate of $-0.06/share. 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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