Oasis Petroleum Inc. (OAS) Expected to Post Quarterly Sales of $276.06 Million
Equities analysts expect that Oasis Petroleum Inc. (NYSE:OAS) will announce $276.06 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Oasis Petroleum’s earnings, with the highest sales estimate coming in at $314.27 million and the lowest estimate coming in at $234.70 million. Oasis Petroleum posted sales of $177.31 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 55.7%. The firm is scheduled to issue its next quarterly earnings report on Monday, November 6th.
According to Zacks, analysts expect that Oasis Petroleum will report full-year sales of $276.06 million for the current fiscal year, with estimates ranging from $976.45 million to $1.23 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.35 billion per share, with estimates ranging from $962.40 million to $1.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Oasis Petroleum.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The firm had revenue of $254.10 million for the quarter, compared to analyst estimates of $255.41 million. During the same quarter in the prior year, the company earned ($0.11) EPS. Oasis Petroleum’s revenue was up 42.0% on a year-over-year basis.
A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Monday. Williams Capital set a $13.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Citigroup Inc. decreased their target price on shares of Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Oasis Petroleum currently has a consensus rating of “Buy” and an average target price of $14.54.
Shares of Oasis Petroleum (NYSE OAS) opened at 7.80 on Tuesday. The company has a 50-day moving average price of $7.93 and a 200-day moving average price of $11.58. Oasis Petroleum has a 1-year low of $6.67 and a 1-year high of $17.08. The stock’s market cap is $1.85 billion.
In other news, Chairman Thomas B. Nusz sold 187,236 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the transaction, the chairman now owns 1,469,546 shares in the company, valued at approximately $13,960,687. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA bought a new position in Oasis Petroleum during the second quarter valued at about $121,000. Teacher Retirement System of Texas increased its position in Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after buying an additional 1,100 shares during the last quarter. Bourgeon Capital Management LLC bought a new position in Oasis Petroleum during the second quarter valued at about $161,000. DekaBank Deutsche Girozentrale increased its position in Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after buying an additional 1,526 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in Oasis Petroleum during the second quarter valued at about $167,000. Institutional investors own 97.05% of the company’s stock.
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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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