Equities analysts predict that Oasis Petroleum Inc. (NYSE:OAS) will report $355.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Oasis Petroleum’s earnings. The highest sales estimate is $393.70 million and the lowest is $329.00 million. Oasis Petroleum reported sales of $285.12 million during the same quarter last year, which would suggest a positive year over year growth rate of 24.8%. The business is scheduled to report its next quarterly earnings report on Monday, May 14th.
On average, analysts expect that Oasis Petroleum will report full year sales of $355.70 million for the current fiscal year, with estimates ranging from $1.43 billion to $1.70 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.89 billion per share, with estimates ranging from $1.78 billion to $2.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Oasis Petroleum.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, February 27th. The energy producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $404.47 million during the quarter, compared to the consensus estimate of $328.78 million. Oasis Petroleum had a return on equity of 0.16% and a net margin of 9.92%.
Several research analysts have recently weighed in on OAS shares. Raymond James Financial set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Williams Capital set a $13.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Royal Bank of Canada reiterated a “buy” rating and set a $14.00 price target on shares of Oasis Petroleum in a research note on Wednesday, December 13th. Finally, Piper Jaffray Companies set a $15.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.50.
Several large investors have recently added to or reduced their stakes in OAS. Raymond James Trust N.A. purchased a new stake in shares of Oasis Petroleum in the 4th quarter valued at about $108,000. Cerebellum GP LLC purchased a new stake in shares of Oasis Petroleum in the 4th quarter valued at about $129,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oasis Petroleum by 103.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after acquiring an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Oasis Petroleum in the 3rd quarter valued at about $142,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Oasis Petroleum in the 4th quarter valued at about $151,000. 89.05% of the stock is currently owned by hedge funds and other institutional investors.
Oasis Petroleum (OAS) opened at $8.33 on Friday. 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 capitalization of $2,645.57, a price-to-earnings ratio of 416.50 and a beta of 2.20. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $15.27.
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About Oasis Petroleum
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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