Q2 2019 EPS Estimates for Oasis Petroleum Inc. (NYSE:OAS) Lowered by Oppenheimer

Oasis Petroleum Inc. (NYSE:OAS) – Research analysts at Oppenheimer reduced their Q2 2019 EPS estimates for shares of Oasis Petroleum in a report issued on Tuesday, July 16th. Oppenheimer analyst T. Rezvan now forecasts that the energy producer will earn $0.03 per share for the quarter, down from their prior estimate of $0.04. Oppenheimer also issued estimates for Oasis Petroleum’s FY2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.18 EPS and Q3 2020 earnings at $0.18 EPS.

A number of other analysts also recently issued reports on the stock. Ifs Securities raised shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, April 23rd. Stifel Nicolaus set a $14.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Wednesday, June 19th. SunTrust Banks downgraded shares of SUNDANCE ENERGY/S to a “hold” rating in a report on Monday, July 8th. ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Oasis Petroleum has an average rating of “Hold” and an average target price of $12.17.

OAS stock opened at $4.60 on Thursday. The company has a fifty day simple moving average of $5.20. The stock has a market cap of $1.43 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.77 and a beta of 2.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.78 and a quick ratio of 0.73. Oasis Petroleum has a 12 month low of $4.35 and a 12 month high of $14.57.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Oasis Petroleum by 60.7% in the 4th quarter. LPL Financial LLC now owns 16,389 shares of the energy producer’s stock worth $91,000 after acquiring an additional 6,191 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Oasis Petroleum by 36.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock worth $44,000 after acquiring an additional 2,129 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Oasis Petroleum in the 4th quarter worth about $243,000. Great West Life Assurance Co. Can raised its position in shares of Oasis Petroleum by 10.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 160,201 shares of the energy producer’s stock worth $820,000 after acquiring an additional 15,243 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Oasis Petroleum by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,523,088 shares of the energy producer’s stock worth $119,023,000 after acquiring an additional 1,012,789 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

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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