Q1 2022 EPS Estimates for Oasis Petroleum Inc. (NASDAQ:OAS) Boosted by Capital One Financial

Oasis Petroleum Inc. (NASDAQ:OAS – Get Rating) – Stock analysts at Capital One Financial upped their Q1 2022 earnings per share estimates for Oasis Petroleum in a report issued on Wednesday, April 13th. Capital One Financial analyst P. Johnston now expects that the company will earn $7.33 per share for the quarter, up from their previous estimate of $7.16. Capital One Financial also issued estimates for Oasis Petroleum’s FY2022 earnings at $31.69 EPS.

Oasis Petroleum (NASDAQ:OAS – Get Rating) last released its earnings results on Wednesday, February 23rd. The company reported $4.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.36 by ($1.11). Oasis Petroleum had a return on equity of 27.81% and a net margin of 19.11%. The firm had revenue of $521.58 million during the quarter, compared to analyst estimates of $377.00 million.

OAS has been the subject of several other research reports. Wells Fargo & Company raised their target price on shares of Oasis Petroleum from $138.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Monday, March 14th. MKM Partners raised their target price on shares of Oasis Petroleum from $170.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, March 8th. Piper Sandler raised their price objective on shares of Oasis Petroleum from $201.00 to $208.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Truist Financial raised their price objective on shares of Oasis Petroleum from $168.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, January 14th. Finally, Royal Bank of Canada raised their price objective on shares of Oasis Petroleum from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Oasis Petroleum currently has an average rating of “Buy” and an average price target of $166.29.

OAS stock opened at $151.00 on Friday. Oasis Petroleum has a one year low of $69.57 and a one year high of $158.48. The stock has a market capitalization of $2.93 billion, a PE ratio of 9.97 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.29 and a current ratio of 1.32. The company has a fifty day moving average of $141.63 and a 200-day moving average of $129.36.

The firm also recently announced a dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 21st were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, March 18th. Oasis Petroleum’s payout ratio is currently 15.45%.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Quadrant L P CA acquired a new position in Oasis Petroleum during the fourth quarter worth about $41,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Oasis Petroleum during the first quarter worth about $78,000. Monolith Advisors purchased a new stake in shares of Oasis Petroleum during the fourth quarter worth about $80,000. Financial Management Professionals Inc. purchased a new stake in shares of Oasis Petroleum during the third quarter worth about $77,000. Finally, CWM LLC purchased a new stake in shares of Oasis Petroleum during the fourth quarter worth about $107,000. Institutional investors own 90.30% of the company’s stock.

Oasis Petroleum Company Profile (Get Rating)

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 United States. It operates through Exploration and Production(E&P), and Midstream segments. The E&P segment engages in the acquisition and development of oil and gas properties.

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