$498.20 Million in Sales Expected for Oasis Petroleum Inc. (OAS) This Quarter

Brokerages forecast that Oasis Petroleum Inc. (NYSE:OAS) will report $498.20 million in sales for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Oasis Petroleum’s earnings. The lowest sales estimate is $430.00 million and the highest is $590.60 million. Oasis Petroleum posted sales of $404.47 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.2%. The business is expected to issue its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Oasis Petroleum will report full year sales of $1.84 billion for the current fiscal year, with estimates ranging from $1.56 billion to $2.06 billion. For the next financial year, analysts anticipate that the company will report sales of $2.24 billion, with estimates ranging from $2.01 billion to $2.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Oasis Petroleum.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The firm had revenue of $546.50 million during the quarter, compared to the consensus estimate of $455.65 million. The firm’s revenue for the quarter was up 79.4% compared to the same quarter last year.

Several brokerages have recently issued reports on OAS. TheStreet cut Oasis Petroleum from a “c” rating to a “d+” rating in a report on Monday. Zacks Investment Research raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, October 12th. Morgan Stanley lifted their target price on Oasis Petroleum from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. UBS Group raised Oasis Petroleum from a “neutral” rating to a “positive” rating in a report on Thursday, November 15th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Oasis Petroleum in a report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Buy” and an average target price of $14.34.

Shares of OAS stock traded up $0.40 during trading hours on Thursday, hitting $7.74. The stock had a trading volume of 7,183,765 shares, compared to its average volume of 11,131,499. Oasis Petroleum has a one year low of $7.20 and a one year high of $14.57. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 387.00, a price-to-earnings-growth ratio of 1.17 and a beta of 2.22.

In related news, insider Taylor L. Reid sold 30,000 shares of Oasis Petroleum stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $8.04, for a total value of $241,200.00. Following the completion of the transaction, the insider now owns 1,216,576 shares in the company, valued at $9,781,271.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Oakbrook Investments LLC acquired a new position in Oasis Petroleum during the 2nd quarter valued at about $131,000. CIBC Asset Management Inc acquired a new position in Oasis Petroleum during the 2nd quarter valued at about $150,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Oasis Petroleum during the 3rd quarter valued at about $157,000. Russell Investments Group Ltd. increased its stake in Oasis Petroleum by 297.0% during the 1st quarter. Russell Investments Group Ltd. now owns 19,848 shares of the energy producer’s stock valued at $161,000 after buying an additional 14,848 shares during the period. Finally, World Asset Management Inc acquired a new position in Oasis Petroleum during the 2nd quarter valued at about $171,000.

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 Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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Earnings History and Estimates for Oasis Petroleum (NYSE:OAS)

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