-$0.08 EPS Expected for Oasis Petroleum Inc. (NYSE:OAS) This Quarter

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Equities research analysts expect Oasis Petroleum Inc. (NYSE:OAS) to post ($0.08) earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Oasis Petroleum’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.27). Oasis Petroleum reported earnings of ($0.02) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 300%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Oasis Petroleum will report full year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.31) to ($0.05). For the next financial year, analysts anticipate that the firm will report earnings of ($0.36) per share, with EPS estimates ranging from ($1.32) to $0.04. Zacks’ EPS averages are an average based on a survey of research analysts that cover Oasis Petroleum.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Tuesday, November 5th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). Oasis Petroleum had a net margin of 7.78% and a negative return on equity of 0.50%. The company had revenue of $482.74 million for the quarter, compared to analyst estimates of $392.16 million. During the same quarter last year, the company earned $0.08 EPS. The business’s revenue was down 28.4% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. MKM Partners assumed coverage on shares of Oasis Petroleum in a report on Thursday, August 22nd. They issued a “buy” rating and a $5.00 price target on the stock. LADENBURG THALM/SH SH downgraded shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $5.00 in a report on Monday, August 26th. Morgan Stanley increased their price target on shares of Oasis Petroleum from $3.75 to $4.00 and gave the stock an “equal weight” rating in a report on Monday, October 14th. Wells Fargo & Co cut their price target on shares of Oasis Petroleum from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, September 20th. Finally, ValuEngine upgraded shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Oasis Petroleum has an average rating of “Hold” and a consensus target price of $5.97.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Oasis Petroleum by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 30,704,393 shares of the energy producer’s stock worth $174,400,000 after purchasing an additional 1,661,458 shares during the period. State Street Corp lifted its position in shares of Oasis Petroleum by 17.8% during the 3rd quarter. State Street Corp now owns 20,289,819 shares of the energy producer’s stock valued at $70,203,000 after buying an additional 3,073,118 shares in the last quarter. Millennium Management LLC lifted its position in shares of Oasis Petroleum by 45,150.4% during the 3rd quarter. Millennium Management LLC now owns 11,391,327 shares of the energy producer’s stock valued at $39,413,000 after buying an additional 11,366,153 shares in the last quarter. Oslo Asset Management AS lifted its position in shares of Oasis Petroleum by 16.8% during the 2nd quarter. Oslo Asset Management AS now owns 7,716,580 shares of the energy producer’s stock valued at $43,830,000 after buying an additional 1,108,000 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Oasis Petroleum by 24.9% during the 2nd quarter. Macquarie Group Ltd. now owns 6,116,897 shares of the energy producer’s stock valued at $34,744,000 after buying an additional 1,218,449 shares in the last quarter. 95.34% of the stock is currently owned by institutional investors and hedge funds.

NYSE:OAS traded down $0.29 during midday trading on Friday, hitting $2.68. The company’s stock had a trading volume of 13,714,207 shares, compared to its average volume of 10,309,454. Oasis Petroleum has a fifty-two week low of $2.21 and a fifty-two week high of $7.15. The firm’s 50 day moving average is $2.71 and its 200-day moving average is $3.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.83 and a quick ratio of 0.77.

Oasis Petroleum Company Profile

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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