Oasis Petroleum Inc. (NYSE:OAS) Set to Announce Quarterly Earnings on Thursday
Oasis Petroleum Inc. (NYSE:OAS) is set to announce its earnings results after the market closes on Thursday, July 20th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Monday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The company had revenue of $285.10 million during the quarter, compared to analysts’ expectations of $252.72 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The business’s revenue was up 119.3% on a year-over-year basis. On average, analysts expect Oasis Petroleum to post $-0.12 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.
Shares of Oasis Petroleum Inc. (NYSE:OAS) opened at 7.79 on Tuesday. Oasis Petroleum Inc. has a one year low of $6.56 and a one year high of $17.08. The stock’s 50 day moving average price is $9.70 and its 200-day moving average price is $12.86. The company’s market cap is $1.85 billion.
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In other news, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum 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 sale, the chairman now owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.
Several equities research analysts have recently issued reports on OAS shares. Williams Capital lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. BidaskClub upgraded shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC restated a “buy” rating and set a $17.00 price target on shares of Oasis Petroleum in a research note on Wednesday, May 17th. BMO Capital Markets set a $11.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Zacks Investment Research lowered shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $15.19.
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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