Wall Street brokerages expect Oasis Petroleum Inc. (NYSE:OAS) to report sales of $313.91 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Oasis Petroleum’s earnings, with the highest sales estimate coming in at $362.74 million and the lowest estimate coming in at $279.40 million. Oasis Petroleum reported sales of $217.99 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 44%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Oasis Petroleum will report full year sales of $313.91 million for the current financial year, with estimates ranging from $994.66 million to $1.21 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.29 billion per share, with estimates ranging from $951.90 million to $1.45 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Oasis Petroleum.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The firm had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 71.9% compared to the same quarter last year.

Several research firms have recently commented on OAS. Jefferies Group set a $14.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Wednesday. Piper Jaffray Companies set a $14.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. Guggenheim downgraded shares of Oasis Petroleum from a “buy” rating to a “neutral” rating in a report on Wednesday. Morgan Stanley upped their price objective on shares of Oasis Petroleum from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Mizuho reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Oasis Petroleum in a report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company. Oasis Petroleum presently has a consensus rating of “Hold” and an average target price of $12.55.

Oasis Petroleum (NYSE:OAS) traded down $0.17 during trading on Friday, hitting $7.84. 18,367,746 shares of the stock traded hands, compared to its average volume of 13,758,594. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $16.73.

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in OAS. Teacher Retirement System of Texas increased its holdings in Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after buying an additional 1,100 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Oasis Petroleum by 90.4% in the second quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after buying an additional 2,732,234 shares during the last quarter. Turner Investments LLC acquired a new position in Oasis Petroleum in the second quarter worth approximately $536,000. Marshall Wace North America L.P. acquired a new position in Oasis Petroleum in the second quarter worth approximately $167,000. Finally, William Blair Investment Management LLC boosted its position in Oasis Petroleum by 21.4% during the second quarter. William Blair Investment Management LLC now owns 1,579,190 shares of the energy producer’s stock worth $12,712,000 after purchasing an additional 278,669 shares during the period. Hedge funds and other institutional investors own 93.94% of the company’s stock.

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About Oasis Petroleum

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.

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

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