Oasis Petroleum Inc. (OAS) Scheduled to Post Earnings on Tuesday
Oasis Petroleum Inc. (NYSE:OAS) is set to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Oasis Petroleum to post earnings of ($0.05) per share for the quarter.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $255.41 million. During the same quarter last year, the company earned ($0.11) EPS. Oasis Petroleum’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, analysts expect Oasis Petroleum to post $-0.15 EPS for the current fiscal year and $-0.02 EPS for the next fiscal year.
Shares of Oasis Petroleum Inc. (NYSE OAS) opened at 9.22 on Tuesday. The firm’s market capitalization is $2.19 billion. The company has a 50-day moving average of $8.63 and a 200 day moving average of $8.98. Oasis Petroleum Inc. has a 52 week low of $6.69 and a 52 week high of $17.08.
In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the sale, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27. The disclosure for this sale can be found here. Corporate insiders own 1.90% 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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