$6.76 Earnings Per Share Expected for Oasis Petroleum Inc. (NYSE:OAS) This Quarter

Equities research analysts expect Oasis Petroleum Inc. (NYSE:OAS – Get Rating) to post $6.76 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Oasis Petroleum’s earnings, with the lowest EPS estimate coming in at $5.62 and the highest estimate coming in at $8.96. Oasis Petroleum reported earnings per share of $2.76 in the same quarter last year, which would suggest a positive year over year growth rate of 144.9%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Oasis Petroleum will report full year earnings of $37.09 per share for the current financial year, with EPS estimates ranging from $34.62 to $39.55. For the next year, analysts forecast that the firm will post earnings of $41.82 per share, with EPS estimates ranging from $30.95 to $52.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Oasis Petroleum.

Oasis Petroleum (NYSE:OAS – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $5.36 by ($1.11). The business had revenue of $521.58 million during the quarter, compared to analysts’ expectations of $377.00 million.

Separately, StockNews.com initiated coverage on shares of Oasis Petroleum in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of NYSE OAS traded up $9.26 during midday trading on Friday, reaching $161.79. The company’s stock had a trading volume of 555,568 shares, compared to its average volume of 320,820. The stock has a 50 day simple moving average of $144.18. Oasis Petroleum has a fifty-two week low of $79.31 and a fifty-two week high of $161.99.

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 engages in the acquisition and development of oil and gas properties. As of December 31, 2021, the company had 492,355 net leasehold acres in the Williston Basin.

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