Wall Street brokerages forecast that Oasis Petroleum Inc. (NYSE:OAS) will report $0.07 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Oasis Petroleum’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.14. Oasis Petroleum reported earnings per share of $0.10 in the same quarter last year, which suggests a negative year over year growth rate of 30%. The firm is scheduled to issue its next quarterly earnings results on Monday, August 5th.
According to Zacks, analysts expect that Oasis Petroleum will report full-year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from ($0.05) to $0.41. For the next financial year, analysts expect that the firm will report earnings of $0.47 per share, with EPS estimates ranging from $0.00 to $1.81. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Oasis Petroleum.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, May 7th. The energy producer reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a negative net margin of 6.78% and a positive return on equity of 1.14%. The company had revenue of $575.73 million during the quarter, compared to the consensus estimate of $421.65 million. During the same period in the previous year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year.
OAS has been the topic of a number of research reports. Jefferies Financial Group cut their price target on shares of Oasis Petroleum from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. ValuEngine raised shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 19th. Capital One Financial raised shares of Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, March 20th. Raymond James set a $12.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, Morgan Stanley set a $10.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. Oasis Petroleum presently has an average rating of “Buy” and an average price target of $12.88.
OAS traded up $0.33 during trading on Thursday, reaching $5.81. The company had a trading volume of 8,883,999 shares, compared to its average volume of 10,288,039. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.73 and a current ratio of 0.78. Oasis Petroleum has a 12 month low of $4.74 and a 12 month high of $14.57. The firm has a market cap of $1.87 billion, a P/E ratio of 22.35, a PEG ratio of 1.46 and a beta of 2.11.
In other news, VP Michael H. Lou sold 40,000 shares of Oasis Petroleum stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total value of $241,600.00. Following the sale, the vice president now directly owns 536,017 shares in the company, valued at $3,237,542.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlueMountain Capital Management LLC acquired a new position in Oasis Petroleum during the first quarter worth $164,000. Jane Street Group LLC increased its holdings in Oasis Petroleum by 767.5% during the first quarter. Jane Street Group LLC now owns 67,293 shares of the energy producer’s stock worth $406,000 after buying an additional 77,374 shares during the last quarter. CWM Advisors LLC increased its holdings in Oasis Petroleum by 59.5% during the first quarter. CWM Advisors LLC now owns 25,680 shares of the energy producer’s stock worth $155,000 after buying an additional 9,584 shares during the last quarter. DeepCurrents Investment Group LLC increased its holdings in Oasis Petroleum by 41.1% during the first quarter. DeepCurrents Investment Group LLC now owns 611,172 shares of the energy producer’s stock worth $3,692,000 after buying an additional 177,949 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Oasis Petroleum by 1.1% during the first quarter. Macquarie Group Ltd. now owns 4,898,448 shares of the energy producer’s stock worth $29,587,000 after buying an additional 53,964 shares during the last quarter. Institutional investors and hedge funds own 98.95% of the company’s stock.
Oasis Petroleum Company Profile
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.
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