Oasis Petroleum Inc. (OAS) Forecasted to Post Q2 2019 Earnings of $0.09 Per Share

Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Seaport Global Securities cut their Q2 2019 earnings per share estimates for shares of Oasis Petroleum in a research note issued on Monday, April 1st. Seaport Global Securities analyst J. Aschenbeck now expects that the energy producer will earn $0.09 per share for the quarter, down from their prior estimate of $0.16. Seaport Global Securities also issued estimates for Oasis Petroleum’s Q3 2019 earnings at $0.09 EPS.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group decreased their price objective on Oasis Petroleum from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Williams Capital set a $11.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday, December 12th. Citigroup dropped their target price on Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, March 12th. ValuEngine raised Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets lowered Oasis Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. Oasis Petroleum currently has a consensus rating of “Buy” and a consensus target price of $13.44.

OAS opened at $6.19 on Tuesday. Oasis Petroleum has a one year low of $4.74 and a one year high of $14.57. The company has a market capitalization of $1.95 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.40 and a beta of 2.13. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.85 and a current ratio of 0.91.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Tuesday, February 26th. The energy producer reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). Oasis Petroleum had a negative net margin of 1.71% and a positive return on equity of 2.12%. The business had revenue of $599.80 million during the quarter, compared to analyst estimates of $429.45 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s revenue was up 37.9% on a year-over-year basis.

Institutional investors have recently modified their holdings of the stock. Federated Investors Inc. PA lifted its holdings in Oasis Petroleum by 835.9% in the 3rd quarter. Federated Investors Inc. PA now owns 5,060,562 shares of the energy producer’s stock worth $71,759,000 after buying an additional 4,519,836 shares in the last quarter. Oslo Asset Management AS lifted its holdings in Oasis Petroleum by 111.3% in the 4th quarter. Oslo Asset Management AS now owns 6,383,980 shares of the energy producer’s stock worth $35,303,000 after buying an additional 3,363,280 shares in the last quarter. Norges Bank acquired a new position in Oasis Petroleum in the 4th quarter worth $18,431,000. Victory Capital Management Inc. lifted its holdings in Oasis Petroleum by 58.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,902,358 shares of the energy producer’s stock worth $21,580,000 after buying an additional 1,434,956 shares in the last quarter. Finally, Precocity Capital LP lifted its holdings in Oasis Petroleum by 68.3% in the 4th quarter. Precocity Capital LP now owns 2,525,000 shares of the energy producer’s stock worth $13,963,000 after buying an additional 1,025,000 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.

In related news, VP Michael H. Lou sold 40,000 shares of Oasis Petroleum stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $6.04, for a total transaction of $241,600.00. Following the completion of the transaction, the vice president now directly owns 536,017 shares in the company, valued at approximately $3,237,542.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% 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 Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 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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