Oasis Petroleum Inc. (NYSE:OAS) to Release Quarterly Earnings on Wednesday
Oasis Petroleum Inc. (NYSE:OAS) is scheduled to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The company had revenue of $285.10 million for the quarter, compared to analyst estimates of $252.72 million. Oasis Petroleum had a negative net margin of 18.00% and a negative return on equity of 2.88%. The company’s revenue was up 119.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) earnings per share. On average, analysts expect Oasis Petroleum to post $-0.13 EPS for the current fiscal year and $0.03 EPS for the next fiscal year.
Shares of Oasis Petroleum Inc. (OAS) traded up 1.336% during trading on Thursday, hitting $7.965. 5,772,536 shares of the stock traded hands. Oasis Petroleum Inc. has a 1-year low of $6.56 and a 1-year high of $17.08. The stock’s market cap is $1.89 billion. The stock has a 50 day moving average price of $8.08 and a 200-day moving average price of $11.82.
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In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the completion of the sale, the chairman now owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.
A number of equities research analysts have recently commented on the company. UBS AG upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $14.00 to $13.00 in a research note on Thursday, June 8th. Citigroup Inc. lowered their target price on Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Williams Capital upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, July 18th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price objective on shares of Oasis Petroleum in a research note on Thursday, July 20th. Finally, Cowen and Company set a $10.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $14.42.
Oasis Petroleum Company Profile
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.
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