Equities analysts expect Oasis Petroleum Inc. (NYSE:OAS) to announce $486.08 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Oasis Petroleum’s earnings, with estimates ranging from $430.00 million to $564.00 million. Oasis Petroleum posted sales of $404.47 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.2%. The firm is expected to report its next quarterly earnings results on Tuesday, February 26th.
On average, analysts expect that Oasis Petroleum will report full year sales of $1.84 billion for the current fiscal year, with estimates ranging from $1.56 billion to $2.03 billion. For the next year, analysts anticipate that the firm will report sales of $2.14 billion, with estimates ranging from $1.91 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Oasis Petroleum.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The business had revenue of $546.50 million during the quarter, compared to the consensus estimate of $455.65 million. The business’s quarterly revenue was up 79.4% on a year-over-year basis.
A number of research analysts have recently issued reports on OAS shares. Oppenheimer started coverage on shares of Oasis Petroleum in a research report on Wednesday, October 3rd. They issued a “market perform” rating on the stock. Wolfe Research upgraded shares of Oasis Petroleum from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. Cowen started coverage on shares of Oasis Petroleum in a research report on Thursday, November 29th. They issued a “market perform” rating on the stock. KLR Group restated a “buy” rating and issued a $18.00 price target on shares of Oasis Petroleum in a research report on Monday, August 20th. Finally, Williams Capital set a $17.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the stock. Oasis Petroleum has a consensus rating of “Buy” and a consensus price target of $13.93.
Oasis Petroleum stock opened at $6.89 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.55 and a current ratio of 0.59. Oasis Petroleum has a 1 year low of $6.45 and a 1 year high of $14.57. The stock has a market capitalization of $2.35 billion, a PE ratio of 344.50, a price-to-earnings-growth ratio of 1.22 and a beta of 2.22.
In related news, insider Taylor L. Reid sold 30,000 shares of Oasis Petroleum stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $8.04, for a total value of $241,200.00. Following the sale, the insider now directly owns 1,216,576 shares in the company, valued at approximately $9,781,271.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
A number of large investors have recently modified their holdings of OAS. CIBC Asset Management Inc acquired a new position in Oasis Petroleum during the 2nd quarter valued at about $150,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Oasis Petroleum during the 3rd quarter valued at about $157,000. Advisors Preferred LLC acquired a new position in Oasis Petroleum during the 2nd quarter valued at about $176,000. Gideon Capital Advisors Inc. acquired a new position in Oasis Petroleum during the 2nd quarter valued at about $238,000. Finally, Neuburgh Advisers LLC acquired a new position in Oasis Petroleum during the 2nd quarter valued at about $241,000.
Oasis Petroleum Company Profile
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
See Also: How Does the Quiet Period Work?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oasis Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.