Oasis Petroleum(NYSE:OAS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $217.991M. Analysts estimated a revenue of $203.820M. The revenues were 6.95% above the estimates. Earnings per share were $-0.08. The reported EPS was above estimates by 33.33%. Analysts had estimated an EPS of $-0.12.
In a different note, On Jan 9, 2017, Macquarie said it Upgrades its rating on Oasis Petroleum. According to the research note, Macquarie Raises the price target to $19 per share from a prior target of $13.5. The shares have been rated ‘Outperform’ by the firm. On Dec 21, 2016, Mizuho said it Downgrades its rating on Oasis Petroleum. The shares have been rated ‘Neutral’ by the firm.
Oasis Petroleum (OAS) shares turned negative on Wednesdays trading session with the shares closing down -0.68 points or -4.74% at a volume of 89,24,564. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.2606. The peak price level was also seen at $14.2606 while the days lowest was $13.63. Finally the shares closed at $13.66. The 52-week high of the shares is $17.08 while the 52-week low is $4.21. According to the latest information available, the market cap of the company is $3,229 M.
Several Insider Transactions has been reported to the SEC. On Sep 28, 2016, Taylor L Reid (President and COO) sold 25,000 shares at $9.42 per share price.Also, On Aug 12, 2016, Thomas B Nusz (Chairman and CEO) sold 200,000 shares at $8.92 per share price.On Mar 6, 2015, Michael Mcshane (director) purchased 50,000 shares at $12.80 per share price, according to the Form-4 filing with the securities and exchange commission.
Oasis Petroleum Inc. is an independent exploration and production company. 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. The Companys core projects include Williston Basin West Williston East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons including the Bakken Three Forks Madison and Red River formations. The Company controls 357584 net acres in the West Williston project area. The Company controls 147919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.