Wall Street analysts expect Oasis Petroleum Inc. (NYSE:OAS) to announce $245.70 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Oasis Petroleum’s earnings, with estimates ranging from $221.00 million to $262.00 million. Oasis Petroleum reported sales of $529.41 million during the same quarter last year, which indicates a negative year over year growth rate of 53.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 4th.

On average, analysts expect that Oasis Petroleum will report full-year sales of $1.27 billion for the current fiscal year, with estimates ranging from $1.09 billion to $1.76 billion. For the next financial year, analysts forecast that the business will report sales of $1.04 billion, with estimates ranging from $757.00 million to $1.63 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Oasis Petroleum.

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

A number of research analysts recently issued reports on the company. Tudor Pickering lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Wells Fargo & Co lowered Oasis Petroleum from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $4.00 to $2.00 in a report on Tuesday, March 10th. Zacks Investment Research lowered Oasis Petroleum from a “buy” rating to a “hold” rating and set a $0.50 target price for the company. in a report on Tuesday, March 10th. Raymond James cut Oasis Petroleum from an “outperform” rating to an “underperform” rating in a research note on Monday, March 9th. Finally, Stephens cut Oasis Petroleum from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $5.00 to $1.00 in a research note on Friday, March 20th. Thirteen analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Oasis Petroleum has an average rating of “Hold” and an average price target of $3.74.

A number of hedge funds have recently modified their holdings of OAS. Swiss National Bank increased its position in Oasis Petroleum by 2.0% in the 4th quarter. Swiss National Bank now owns 554,450 shares of the energy producer’s stock valued at $1,802,000 after acquiring an additional 10,700 shares during the period. Charles Schwab Investment Management Inc. increased its position in Oasis Petroleum by 19.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,354,239 shares of the energy producer’s stock valued at $14,195,000 after acquiring an additional 721,617 shares during the period. Comerica Bank increased its position in Oasis Petroleum by 64.2% in the 4th quarter. Comerica Bank now owns 272,865 shares of the energy producer’s stock valued at $622,000 after acquiring an additional 106,648 shares during the period. Quantbot Technologies LP increased its position in Oasis Petroleum by 167.4% in the 4th quarter. Quantbot Technologies LP now owns 41,300 shares of the energy producer’s stock valued at $134,000 after acquiring an additional 25,853 shares during the period. Finally, Bank of Montreal Can increased its position in Oasis Petroleum by 13.0% in the 4th quarter. Bank of Montreal Can now owns 119,701 shares of the energy producer’s stock valued at $391,000 after acquiring an additional 13,809 shares during the period. Hedge funds and other institutional investors own 95.34% of the company’s stock.

NYSE:OAS traded down $0.02 during midday trading on Wednesday, reaching $0.73. The company had a trading volume of 21,948,159 shares, compared to its average volume of 33,035,664. The firm has a market capitalization of $243.42 million, a price-to-earnings ratio of 2.83 and a beta of 2.25. The stock’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $1.42. Oasis Petroleum has a 12-month low of $0.24 and a 12-month high of $5.48. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72.

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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Earnings History and Estimates for Oasis Petroleum (NYSE:OAS)

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