Analysts expect Oasis Petroleum (NYSE:OAS) to post $0.05 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for Oasis Petroleum’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.10. Oasis Petroleum reported earnings of ($0.05) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The firm is expected to report its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that Oasis Petroleum will report full-year earnings of $0.23 per share for the current year, with EPS estimates ranging from $0.04 to $0.39. For the next financial year, analysts expect that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.20 to $0.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Oasis Petroleum.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, February 27th. The energy producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $404.47 million during the quarter, compared to analyst estimates of $328.78 million. Oasis Petroleum had a return on equity of 0.16% and a net margin of 9.92%.
A number of equities analysts have issued reports on OAS shares. UBS started coverage on Oasis Petroleum in a research note on Wednesday, March 7th. They set a “neutral” rating and a $9.00 price target for the company. Piper Jaffray set a $15.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, December 14th. ValuEngine lowered Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. TheStreet raised Oasis Petroleum from a “d+” rating to a “c” rating in a research note on Wednesday, February 28th. Finally, Credit Suisse Group initiated coverage on Oasis Petroleum in a research note on Thursday, February 8th. They set an “outperform” rating and a $11.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Oasis Petroleum currently has a consensus rating of “Hold” and a consensus target price of $11.18.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Oasis Petroleum by 2,640.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 107,985 shares of the energy producer’s stock valued at $908,000 after purchasing an additional 104,045 shares in the last quarter. Encap Energy Capital Fund Viii L.P. purchased a new stake in shares of Oasis Petroleum in the fourth quarter valued at $386,860,000. Cushing Asset Management LP purchased a new stake in shares of Oasis Petroleum in the fourth quarter valued at $210,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Oasis Petroleum by 21.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,545,556 shares of the energy producer’s stock valued at $14,096,000 after purchasing an additional 269,152 shares in the last quarter. Finally, BP Capital Fund Advisors LLC purchased a new stake in shares of Oasis Petroleum in the fourth quarter valued at $2,788,000. Institutional investors own 89.13% of the company’s stock.
NYSE OAS traded up $0.06 on Thursday, reaching $8.73. 7,734,781 shares of the stock traded hands, compared to its average volume of 9,292,461. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.62 and a current ratio of 0.65. The firm has a market cap of $2,651.93, a P/E ratio of 436.50 and a beta of 2.11. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $13.41.
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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 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.
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