Oasis Petroleum Inc. (OAS) Expected to Announce Quarterly Sales of $257.93 Million
Brokerages predict that Oasis Petroleum Inc. (NYSE:OAS) will post $257.93 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Oasis Petroleum’s earnings. The lowest sales estimate is $231.84 million and the highest is $275.99 million. Oasis Petroleum posted sales of $177.31 million during the same quarter last year, which would indicate a positive year over year growth rate of 45.5%. The company is expected to issue its next quarterly earnings report on Monday, November 6th.
On average, analysts expect that Oasis Petroleum will report full-year sales of $257.93 million for the current financial year, with estimates ranging from $963.66 million to $1.13 billion. For the next financial year, analysts expect that the business will report sales of $1.24 billion per share, with estimates ranging from $951.90 million to $1.47 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) earnings per share.
OAS has been the subject of a number of recent research reports. ValuEngine downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Cowen and Company set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 target price on shares of Oasis Petroleum in a research report on Thursday, July 20th. Zacks Investment Research downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Williams Capital set a $13.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.48.
Oasis Petroleum (OAS) opened at 8.16 on Thursday. The stock has a 50 day moving average of $7.51 and a 200-day moving average of $10.17. Oasis Petroleum has a 12-month low of $6.69 and a 12-month high of $17.08. The company’s market cap is $1.94 billion.
In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the sale, the insider now directly owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of OAS. Nationwide Fund Advisors increased its stake in Oasis Petroleum by 6.1% during the 1st quarter. Nationwide Fund Advisors now owns 260,360 shares of the energy producer’s stock worth $3,713,000 after buying an additional 14,995 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Oasis Petroleum by 14.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Oasis Petroleum by 20.6% during the 1st quarter. Bank of New York Mellon Corp now owns 3,022,943 shares of the energy producer’s stock worth $43,108,000 after buying an additional 515,633 shares in the last quarter. Swiss National Bank increased its stake in Oasis Petroleum by 2.5% during the 1st quarter. Swiss National Bank now owns 370,050 shares of the energy producer’s stock worth $5,277,000 after buying an additional 8,900 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Oasis Petroleum during the 1st quarter worth approximately $503,000. Institutional investors own 93.57% 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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