Analysts predict that Oasis Petroleum Inc. (NYSE:OAS) will announce $0.01 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Oasis Petroleum’s earnings, with estimates ranging from ($0.09) to $0.06. Oasis Petroleum posted earnings per share of $0.08 in the same quarter last year, which would indicate a negative year-over-year growth rate of 87.5%. The firm is expected to announce its next earnings report on Monday, November 4th.

On average, analysts expect that Oasis Petroleum will report full year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.16) to $0.15. For the next financial year, analysts forecast that the business will report earnings of $0.09 per share, with EPS estimates ranging from ($0.61) to $2.28. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Oasis Petroleum.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, August 6th. The energy producer reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $529.41 million during the quarter, compared to analysts’ expectations of $406.63 million. Oasis Petroleum had a return on equity of 0.59% and a net margin of 9.43%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share.

A number of brokerages recently issued reports on OAS. LADENBURG THALM/SH SH lowered shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and decreased their target price for the company from $7.00 to $5.00 in a research report on Monday, August 26th. Jefferies Financial Group lowered their target price on shares of Oasis Petroleum from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. ValuEngine upgraded shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 28th. MKM Partners started coverage on shares of Oasis Petroleum in a research note on Thursday, August 22nd. They issued a “buy” rating and a $5.00 price target for the company. Finally, Barclays assumed coverage on shares of Oasis Petroleum in a research note on Friday, August 30th. They issued an “equal weight” rating and a $3.50 price target for the company. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.72.

Shares of NYSE OAS traded down $0.09 during midday trading on Friday, reaching $3.57. 12,615,908 shares of the company traded hands, compared to its average volume of 10,974,009. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 14.20 and a beta of 2.20. The stock has a 50-day moving average price of $3.49 and a 200 day moving average price of $5.08. Oasis Petroleum has a 52 week low of $2.41 and a 52 week high of $14.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.79.

In other Oasis Petroleum news, COO Taylor L. Reid acquired 45,060 shares of the stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $2.76 per share, with a total value of $124,365.60. Following the purchase, the chief operating officer now directly owns 1,462,819 shares of the company’s stock, valued at approximately $4,037,380.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John E. Hagale bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $2.85 per share, for a total transaction of $85,500.00. Following the completion of the acquisition, the director now directly owns 120,480 shares in the company, valued at $343,368. The disclosure for this purchase can be found here. Insiders acquired a total of 105,060 shares of company stock valued at $292,666 over the last three months. 1.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in OAS. Carroll Financial Associates Inc. acquired a new position in Oasis Petroleum in the second quarter worth approximately $71,000. Magnus Financial Group LLC bought a new position in shares of Oasis Petroleum in the second quarter valued at $82,000. Raymond James Trust N.A. acquired a new stake in shares of Oasis Petroleum during the 2nd quarter valued at $89,000. Piedmont Investment Advisors Inc. lifted its position in shares of Oasis Petroleum by 28.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,252 shares of the energy producer’s stock valued at $92,000 after acquiring an additional 3,386 shares during the last quarter. Finally, Telemus Capital LLC bought a new stake in shares of Oasis Petroleum during the 1st quarter worth $99,000. 98.91% of the stock is owned by institutional investors and hedge funds.

About Oasis Petroleum

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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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

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