Analysts Expect Oasis Petroleum Inc. (NYSE:OAS) to Announce -$0.06 EPS

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Wall Street brokerages expect Oasis Petroleum Inc. (NYSE:OAS) to report earnings per share of ($0.06) for the current quarter, according to Zacks. Five analysts have made estimates for Oasis Petroleum’s earnings. The highest EPS estimate is $0.09 and the lowest is ($0.25). Oasis Petroleum posted earnings of $0.03 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 300%. The business is expected to announce its next earnings report on Tuesday, August 4th.

On average, analysts expect that Oasis Petroleum will report full year earnings of ($0.51) per share for the current fiscal year, with EPS estimates ranging from ($0.94) to ($0.03). For the next year, analysts expect that the firm will report earnings of ($0.82) per share, with EPS estimates ranging from ($1.21) to ($0.11). Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Oasis Petroleum.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Monday, May 18th. The energy producer reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.03). Oasis Petroleum had a net margin of 7.78% and a negative return on equity of 0.50%. The company had revenue of $387.80 million during the quarter.

A number of analysts have commented on OAS shares. Capital One Financial cut shares of Oasis Petroleum from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 1st. Royal Bank of Canada lowered shares of Oasis Petroleum from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 9th. Citigroup lowered shares of Oasis Petroleum from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. lowered shares of Oasis Petroleum from an “overweight” rating to an “underweight” rating in a research report on Wednesday, March 25th. Finally, UBS Group raised their price target on shares of Oasis Petroleum to $0.80 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Thirteen investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.74.

Several institutional investors and hedge funds have recently bought and sold shares of OAS. Goldman Sachs Group Inc. boosted its stake in shares of Oasis Petroleum by 317.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 26,516,132 shares of the energy producer’s stock valued at $86,443,000 after purchasing an additional 20,168,669 shares in the last quarter. State Street Corp boosted its stake in shares of Oasis Petroleum by 42.9% in the 1st quarter. State Street Corp now owns 36,789,870 shares of the energy producer’s stock valued at $12,876,000 after purchasing an additional 11,041,002 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Oasis Petroleum in the 4th quarter valued at approximately $17,986,000. Norges Bank acquired a new stake in shares of Oasis Petroleum in the 4th quarter valued at approximately $10,865,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Oasis Petroleum in the 4th quarter valued at approximately $10,480,000. Institutional investors own 95.34% of the company’s stock.

OAS traded down $0.02 during trading hours on Monday, hitting $0.73. 21,948,159 shares of the company’s stock were exchanged, compared to its average volume of 33,035,664. Oasis Petroleum has a 1-year low of $0.24 and a 1-year high of $5.48. The stock’s 50-day moving average is $0.82 and its two-hundred day moving average is $1.42. The stock has a market cap of $243.42 million, a price-to-earnings ratio of 2.83 and a beta of 2.25. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.72.

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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