Analysts expect Oasis Petroleum Inc. (NYSE:OAS) to report sales of $324.42 million for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Oasis Petroleum’s earnings, with the highest sales estimate coming in at $362.74 million and the lowest estimate coming in at $290.13 million. Oasis Petroleum reported sales of $217.99 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 48.8%. The firm is expected to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Oasis Petroleum will report full year sales of $324.42 million for the current fiscal year, with estimates ranging from $994.66 million to $1.21 billion. For the next financial year, analysts expect that the company will post sales of $1.41 billion per share, with estimates ranging from $1.22 billion to $1.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Oasis Petroleum.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million for the quarter, compared to analyst estimates of $264.72 million. During the same period last year, the firm earned ($0.19) earnings per share. The firm’s revenue was up 71.9% on a year-over-year basis.

A number of research analysts recently weighed in on OAS shares. Stifel Nicolaus reissued a “hold” rating and set a $10.00 price target (down from $10.50) on shares of Oasis Petroleum in a research report on Monday, September 25th. Mizuho reissued a “hold” rating and set a $10.00 price target on shares of Oasis Petroleum in a research report on Friday, September 29th. Jefferies Group reissued a “buy” rating and set a $13.00 price target on shares of Oasis Petroleum in a research report on Tuesday, October 3rd. Piper Jaffray Companies set a $14.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Morgan Stanley dropped their price target on shares of Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Oasis Petroleum has a consensus rating of “Hold” and an average target price of $12.55.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Oasis Petroleum by 0.6% in the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock worth $157,152,000 after acquiring an additional 125,706 shares during the period. State Street Corp raised its position in shares of Oasis Petroleum by 24.3% in the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after purchasing an additional 1,931,992 shares during the period. Bank of New York Mellon Corp raised its position in shares of Oasis Petroleum by 10.0% in the third quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock valued at $57,743,000 after purchasing an additional 576,272 shares during the period. Hermes Investment Management Ltd. raised its position in shares of Oasis Petroleum by 11.5% in the third quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after purchasing an additional 490,057 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Oasis Petroleum by 11.1% in the third quarter. Macquarie Group Ltd. now owns 4,374,589 shares of the energy producer’s stock valued at $39,897,000 after purchasing an additional 436,975 shares during the period. 82.75% of the stock is currently owned by institutional investors and hedge funds.

Oasis Petroleum (OAS) opened at $8.89 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a 12-month low of $6.69 and a 12-month high of $15.27. The firm has a market cap of $2,110.00, a PE ratio of -34.19 and a beta of 2.33.

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About Oasis Petroleum

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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Earnings History and Estimates for Oasis Petroleum (NYSE:OAS)

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