Analysts expect Oasis Petroleum Inc. (NYSE:OAS) to post earnings of $0.03 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Oasis Petroleum’s earnings. The lowest EPS estimate is ($0.04) and the highest is $0.12. Oasis Petroleum reported earnings of $0.10 per share during the same quarter last year, which indicates a negative year over year growth rate of 70%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, August 6th.
According to Zacks, analysts expect that Oasis Petroleum will report full year earnings of $0.06 per share for the current year, with EPS estimates ranging from ($0.24) to $0.24. For the next financial year, analysts forecast that the firm will report earnings of $0.22 per share, with EPS estimates ranging from ($0.54) to $1.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Oasis Petroleum.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Tuesday, May 7th. The energy producer reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a positive return on equity of 1.14% and a negative net margin of 6.78%. The firm had revenue of $575.73 million for the quarter, compared to the consensus estimate of $421.65 million. During the same period in the prior year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year.
OAS traded up $0.46 on Tuesday, hitting $4.89. 11,542,600 shares of the stock were exchanged, compared to its average volume of 10,459,864. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 2.18 and a beta of 2.05. Oasis Petroleum has a 12 month low of $4.30 and a 12 month high of $14.57. The company has a 50-day moving average of $5.07.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its position in Oasis Petroleum by 1.1% in the 1st quarter. Arizona State Retirement System now owns 194,095 shares of the energy producer’s stock valued at $1,172,000 after buying an additional 2,111 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Oasis Petroleum by 36.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock valued at $44,000 after buying an additional 2,129 shares during the last quarter. CWM Advisors LLC raised its position in Oasis Petroleum by 8.3% in the 2nd quarter. CWM Advisors LLC now owns 27,820 shares of the energy producer’s stock valued at $158,000 after buying an additional 2,140 shares during the last quarter. Sippican Capital Advisors raised its position in Oasis Petroleum by 12.9% in the 2nd quarter. Sippican Capital Advisors now owns 27,115 shares of the energy producer’s stock valued at $154,000 after buying an additional 3,100 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its position in Oasis Petroleum by 28.5% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,252 shares of the energy producer’s stock valued at $92,000 after buying an additional 3,386 shares during the last quarter. 91.96% of the stock is owned by institutional investors and hedge funds.
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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