Global Updates

Oasis Petroleum Inc. (NYSE:OAS) Under Analysts’ Review

Oasis Petroleum Inc. (NYSE:OAS) shares traded 1.10% during the most recent session the stock exchanged hands 8.74M shares versus average trading capacity of 8.44M shares, yielding a market cap of $2.87B. Wall Street analysts covering the stock are projecting that the stock will reach $17.70 within the next 52-weeks. The mean target projections are based on 35 opinions, the mean target was last revised on 04/25/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Oasis Petroleum Inc. (NYSE:OAS) high price target of $24.00 and with a conservative view have low price target of $13.00 with a standard deviation of $3.22. If seeing target price from optimistic overview then it has a 101 percent upside potential from the latest closing price of $11.94.

Oasis Petroleum Inc. (NYSE:OAS) received “Initiated” rating by Stifel in a research note issued to investors on Apr-07-17 as Hold at $13.

Additionally on Mar-31-17 Oasis Petroleum Inc. (NYSE:OAS) was “Upgraded” by Seaport Global Securities from Neutral  to Buy and on Mar-23-17 the stock was “Resumed” by UBS as Neutral at $14. Furthermore on Mar-16-17 the stock was “Upgraded” by Guggenheim from Neutral to Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 36.60 along with Average True Range (ATR 14) of 0.61, Consequently Oasis Petroleum Inc. (NYSE:OAS) weekly and monthly volatility is 4.69%, 4.78% respectively. The company’s beta value is at 2.26.

In terms of Buy, Sell or Hold recommendations, Oasis Petroleum Inc. (NYSE:OAS) has analysts’ mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Oasis Petroleum Inc. (NYSE:OAS) will report earnings of -$0.07 for the current quarter on or around 5/8/2017 After Market Close, however the company’s high EPS estimates are -$0.03 and low estimates are -$0.12. However the company reported -$0.18 earnings per share for the same quarter during last year.

Previously Oasis Petroleum Inc. (NYSE:OAS) reported -$0.08 earnings per share (EPS) for the quarter on 2/22/2017 After Market Close, beating the consensus estimate of -$0.12 by $0.04. The company posted an earnings surprise of 33.30%.

While considering growth estimates of the company, it has next quarter growth estimates of 54.50% whereas during current quarter it has 61.10% estimations over growth, comparing to the estimations of 72.00% during current year and 271.40% for next year. Past 5 years growth of Oasis Petroleum Inc. (NYSE:OAS) observed at 30.84%, looking forward for the next 5 years it has a strong prediction of -37.15% over growth.

Oasis Petroleum Inc. (NYSE:OAS) revenue estimates for the current quarter are $253.04M according to 26 number of analysts, for the current quarter the company has high revenue estimates of $261.19M in contradiction of low revenue estimates of $227M. For the current year the company’s revenue estimates are $1.15B compared to low analyst estimates of $1.04B and high estimates of $1.26B according 33 number of analysts.

Currently Oasis Petroleum Inc. (NYSE:OAS) shares owned by insiders are 1.60%, whereas shares owned by institutional owners are 99.90%. However the six-month change in the insider ownership was recorded 0.39%, as well as three-month change in the institutional ownership was recorded 0.76%.

Oasis Petroleum Inc. (NYSE:OAS) trading -30.09% away from its 52 week high of $17.08 and +82.01% far from the stock’s low point over the past 52 weeks, which was $6.56. The stock hit its 52-week high on 12/12/16, and 52-week low on 08/02/16. The company’s trailing twelve month income is -243.00M dollars.

Oasis Petroleum Inc. (NYSE:OAS) trailing twelve month revenues are $704.70M, whereas its price to sales ratio for the same period is 4.12. Its book value per share for the most recent quarter is $13.45 while its price to book ratio for the same period is 0.89, as for as the company’s cash per share for the most recent quarter is $0.05, however its price to cash per share ratio for the same period is 259.20. The stock has a current PEG ratio of 2.27 where as its trailing twelve month P/E ratio is -9.02.

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