Brokerages expect that Oasis Petroleum Inc. (NYSE:OAS) will post $0.05 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Oasis Petroleum’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.09. Oasis Petroleum reported earnings of $0.10 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 6th.
According to Zacks, analysts expect that Oasis Petroleum will report full year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.55. For the next fiscal year, analysts forecast that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.06 to $2.26. Zacks’ earnings per share averages 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 posted its quarterly earnings results on Tuesday, February 26th. 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 1.71% and a positive return on equity of 2.12%. The business had revenue of $599.80 million during the quarter, compared to analysts’ expectations of $429.45 million. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 37.9% compared to the same quarter last year.
Several equities analysts recently issued reports on the company. Williams Capital reaffirmed a “buy” rating and set a $9.00 price objective on shares of Oasis Petroleum in a report on Sunday. Zacks Investment Research cut Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Piper Jaffray Companies cut Oasis Petroleum from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 9th. Stifel Nicolaus raised Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $10.50 to $14.00 in a report on Tuesday, January 8th. Finally, Citigroup cut Oasis Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $7.00 in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. Oasis Petroleum presently has an average rating of “Buy” and a consensus target price of $13.33.
OAS stock traded up $0.43 during midday trading on Monday, hitting $7.03. 12,416,603 shares of the stock were exchanged, compared to its average volume of 10,064,401. The stock has a market cap of $2.13 billion, a PE ratio of 27.04, a P/E/G ratio of 1.35 and a beta of 2.13. Oasis Petroleum has a fifty-two week low of $4.74 and a fifty-two week high of $14.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.85 and a current ratio of 0.91.
In other news, VP Michael H. Lou sold 40,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $6.04, for a total value of $241,600.00. Following the completion of the transaction, the vice president now directly owns 536,017 shares of the company’s stock, valued at $3,237,542.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OAS. AQR Capital Management LLC raised its holdings in shares of Oasis Petroleum by 13.0% in the third quarter. AQR Capital Management LLC now owns 1,323,063 shares of the energy producer’s stock worth $18,761,000 after acquiring an additional 152,318 shares during the last quarter. Key Square Capital Management LLC acquired a new position in shares of Oasis Petroleum in the third quarter worth $13,626,000. Teachers Advisors LLC raised its holdings in shares of Oasis Petroleum by 0.6% in the third quarter. Teachers Advisors LLC now owns 1,816,689 shares of the energy producer’s stock worth $25,761,000 after acquiring an additional 11,095 shares during the last quarter. Vanguard Group Inc. increased its stake in Oasis Petroleum by 1.7% in the third quarter. Vanguard Group Inc. now owns 27,628,999 shares of the energy producer’s stock valued at $391,779,000 after purchasing an additional 462,112 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in Oasis Petroleum by 835.9% in the third quarter. Federated Investors Inc. PA now owns 5,060,562 shares of the energy producer’s stock valued at $71,759,000 after purchasing an additional 4,519,836 shares during the last quarter. 97.89% of the stock is owned by institutional investors.
About Oasis Petroleum
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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