Oasis Petroleum (OAS) Releases Quarterly Earnings Results
Oasis Petroleum (NYSE:OAS) announced its earnings results on Tuesday. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.04, AnalystRatingsNetwork.com reports. The company had revenue of $372.38 million for the quarter, compared to the consensus estimate of $368.04 million. During the same quarter last year, the company posted $0.65 earnings per share. Oasis Petroleum’s revenue was up 46.3% compared to the same quarter last year.
Oasis Petroleum (NYSE:OAS) traded down 2.55% on Tuesday, hitting $51.51. 2,366,501 shares of the company’s stock traded hands. Oasis Petroleum has a one year low of $37.86 and a one year high of $58.09. The stock has a 50-day moving average of $54.81 and a 200-day moving average of $47.30. The company has a market cap of $5.211 billion and a price-to-earnings ratio of 14.55.
A number of research firms have recently commented on OAS. Analysts at Global Hunter Securities upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $65.00 price target on the stock, up previously from $54.00. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of Oasis Petroleum in a research note on Friday, July 18th. They now have a $60.00 price target on the stock, up previously from $55.00. Finally, analysts at FBR Capital Markets initiated coverage on shares of Oasis Petroleum in a research note on Wednesday, July 16th. They set an “outperform” rating and a $72.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.09.
Oasis Petroleum Inc is an exploration and production company. The Company focuses on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin.
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