Oasis Petroleum Inc. (OAS) Issues Earnings Results, Beats Estimates By $0.04 EPS

The brokerage now has a $10.00 price objective on the energy producer's stock.

A number of equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a "hold" rating and issued a $10.00 price objective (down previously from $10.50) on shares of Oasis Petroleum in a research report on Monday, September 25th. The legal version of this article can be viewed at Royal Bank Of Canada set a $14.00 target price on Oasis Petroleum and gave the company a "buy" rating in a report on Thursday, August 24th. Piper Jaffray Companies reiterated an "overweight" rating on shares of Oasis Petroleum in a report on Tuesday, October 17th. They set a "buy" rating and a $13.00 price target for the company.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.11 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. The stock presently has an average rating of "Buy" and a consensus target price of $13.29. Finally, Vanguard Group Inc. increased its holdings in shares of Oasis Petroleum by 5.0% during the 1st quarter. The firm has a 50-day moving average price of $12.11 and a 200-day moving average price of $10.28. Oasis Petroleum Inc. (NYSE:OAS) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The company's market cap is $2.58 Billion, and the average volume is $1.88 Million. If you are reading this article on another website, it was stolen and republished in violation of US and worldwide copyright & trademark law. The energy producer reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04, reports. The firm's revenue was up 71.9% compared to the same quarter past year. Oasis Petroleum had a negative return on equity of 2.98% and a negative net margin of 27.57%. During the same quarter in the previous year, the business earned ($0.19) earnings per share. According to the Analysts, the Low Earnings estimate for the current quarter is $0.09, while the High earnings estimate is $0.22.Comparatively, EPS for the same quarter previous year was $0.25.

On a similar note, analysts expect EPS of -$0.05 in September 2017 quarter and -$0.02 in December 2017 quarter, representing -70.59% and -75% growth, respectively. "(OAS) Expected to Post Q3 2017 Earnings of ($0.05) Per Share" was reported by StockNewsTimes and is the property of of StockNewsTimes.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune.

In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction dated Friday, September 22nd. Through this figure traders can analyze that OAS show whether or not a stock now most active and standing in buying side or sell side.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 3.47%, and has a solid year to date (YTD) performance of -29.13% which means that the stock is constantly adding to its value from the previous fiscal year end price. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The disclosure for this sale can be found here.

The company now has an insider ownership of 1.3 Percent and Institutional ownership of 96.4 Percent. Ngam Advisors L.P. acquired a new position in Oasis Petroleum during the second quarter valued at approximately $1,528,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Oasis Petroleum during the 1st quarter worth approximately $1,258,000. Westpac Banking Corp now owns 462,423 shares of the energy producer's stock valued at $3,723,000 after acquiring an additional 64,023 shares during the last quarter.

By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with HIGH volatility. Advisory Services Network LLC raised its position in Oasis Petroleum by 10.5% in the second quarter.

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