Today: Today, FY2016 EPS Estimates for Oasis Petroleum Inc. Increased by KeyCorp (OAS)

Today, FY2016 EPS Estimates for Oasis Petroleum Inc. Increased by KeyCorp (OAS)

Oasis Petroleum Inc. (NYSE:OAS) – Equities research analysts at KeyCorp upped their FY2016 earnings per share estimates for Oasis Petroleum in a report issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the brokerage will post earnings of ($0.58) per share for the year, up from their prior estimate of ($0.59). KeyCorp has a “Overweight” rating and a $18.00 price objective on the stock. KeyCorp also issued estimates for Oasis Petroleum’s Q4 2016 earnings at ($0.13) EPS, Q1 2017 earnings at ($0.11) EPS, Q2 2017 earnings at ($0.09) EPS, Q3 2017 earnings at ($0.07) EPS, Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at ($0.33) EPS and Q1 2018 earnings at $0.07 EPS.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Monday, November 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $177.13 million for the quarter, compared to analysts’ expectations of $186.51 million. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share.

A number of other research analysts have also recently weighed in on OAS. Simmons upgraded shares of Oasis Petroleum from a “neutral” rating to an “overweight” rating in a research note on Wednesday, October 19th. KLR Group set a $18.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Wednesday, October 19th. Wunderlich upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $14.00 in a research note on Wednesday, November 9th. Williams Capital boosted their target price on shares of Oasis Petroleum from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, October 19th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Oasis Petroleum in a research note on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $13.16.

Shares of Oasis Petroleum (NYSE:OAS) opened at 12.63 on Thursday. Oasis Petroleum has a 1-year low of $3.40 and a 1-year high of $13.50. The company’s market cap is $2.99 billion. The firm’s 50 day moving average is $11.55 and its 200-day moving average is $10.04.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Oasis Petroleum by 2.0% in the second quarter. Vanguard Group Inc. now owns 12,745,058 shares of the company’s stock valued at $119,038,000 after buying an additional 251,252 shares in the last quarter. State Street Corp raised its position in Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock valued at $56,536,000 after buying an additional 1,388,971 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Oasis Petroleum by 9.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,188,940 shares of the company’s stock valued at $59,517,000 after buying an additional 447,371 shares in the last quarter. BlackRock Fund Advisors raised its position in Oasis Petroleum by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,792,923 shares of the company’s stock valued at $44,766,000 after buying an additional 17,463 shares in the last quarter. Finally, Think Investments LP raised its position in Oasis Petroleum by 2.2% in the second quarter. Think Investments LP now owns 4,688,538 shares of the company’s stock valued at $42,857,000 after buying an additional 100,000 shares in the last quarter. 72.41% of the stock is currently owned by institutional investors.

In related news, COO Taylor L. Reid sold 25,000 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $9.42, for a total transaction of $235,500.00. Following the transaction, the chief operating officer now owns 1,199,341 shares of the company’s stock, valued at approximately $11,297,792.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Advisory Corp Spo sold 2,975,700 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total transaction of $34,399,092.00. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

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