Oasis Petroleum Inc. (NYSE:OAS) – Analysts at Seaport Global Securities lifted their Q3 2019 EPS estimates for Oasis Petroleum in a research report issued on Thursday, May 23rd. Seaport Global Securities analyst J. Aschenbeck now anticipates that the energy producer will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.10. Seaport Global Securities also issued estimates for Oasis Petroleum’s FY2020 earnings at $0.44 EPS.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, May 7th. The energy producer reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Oasis Petroleum had a positive return on equity of 1.14% and a negative net margin of 6.78%. The firm had revenue of $575.73 million for the quarter, compared to analyst estimates of $421.65 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis.

A number of other research analysts have also recently commented on the company. Williams Capital restated a “buy” rating and set a $9.00 price target on shares of Oasis Petroleum in a research note on Wednesday, May 8th. ValuEngine cut Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. Ifs Securities cut Oasis Petroleum from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $8.00 to $7.00 in a research note on Tuesday, April 23rd. Capital One Financial raised Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, March 20th. Finally, Citigroup cut their price objective on Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. Oasis Petroleum has an average rating of “Buy” and a consensus price target of $12.88.

NYSE:OAS opened at $4.96 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.73 and a current ratio of 0.78. Oasis Petroleum has a 52 week low of $4.74 and a 52 week high of $14.57. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.63 and a beta of 2.11.

In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $6.04, for a total transaction of $241,600.00. Following the transaction, the vice president now owns 536,017 shares of the company’s stock, valued at $3,237,542.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in OAS. Coastal Investment Advisors Inc. acquired a new stake in shares of Oasis Petroleum during the first quarter worth about $27,000. PNC Financial Services Group Inc. lifted its position in Oasis Petroleum by 36.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock valued at $44,000 after purchasing an additional 2,129 shares during the period. Piedmont Investment Advisors Inc. acquired a new stake in Oasis Petroleum in the fourth quarter valued at about $66,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Oasis Petroleum in the fourth quarter valued at about $81,000. Finally, CWM Advisors LLC acquired a new stake in Oasis Petroleum in the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 99.14% of the company’s stock.

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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