Oasis Petroleum Inc. (NYSE:OAS) to Release Earnings on Thursday

Oasis Petroleum Inc. (NYSE:OAS) is set to post its quarterly earnings results after the market closes on Thursday, July 20th. Analysts expect Oasis Petroleum to post earnings of ($0.05) per share for the quarter.

Oasis Petroleum (NYSE:OAS) last posted its earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The firm had revenue of $285.10 million for the quarter, compared to analyst estimates of $252.72 million. During the same quarter in the prior year, the company earned ($0.18) EPS. Oasis Petroleum’s revenue was up 119.3% on a year-over-year basis. On average, analysts expect Oasis Petroleum to post $-0.12 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.

Shares of Oasis Petroleum Inc. (OAS) opened at 7.79 on Tuesday. The stock’s market cap is $1.85 billion. The company has a 50-day moving average price of $9.70 and a 200-day moving average price of $12.86. Oasis Petroleum Inc. has a 1-year low of $6.56 and a 1-year high of $17.08.

In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the transaction, the chairman now owns 1,469,546 shares in the company, valued at approximately $13,960,687. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup Inc. decreased their target price on shares of Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Cowen and Company set a $14.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of Oasis Petroleum in a report on Thursday, July 6th. Finally, BMO Capital Markets set a $11.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Monday, June 26th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Buy” and an average target price of $15.19.

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Oasis Petroleum Company Profile

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.

Earnings History for Oasis Petroleum (NYSE:OAS)

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