03 June, 2017
The energy producer reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Monday, May 8th.
While looking at the Stock's Performance, Oasis Petroleum Inc. now shows a Weekly Performance of -11.49%, where Monthly Performance is -14.6%, Quarterly performance is -28.9%, 6 Months performance is -15.19% and yearly performance percentage is -2.07%. The firm had revenue of $285.10 million during the quarter, compared to the consensus estimate of $252.72 million. Marathon Oil had a negative net margin of 32.98% and a negative return on equity of 4.91%. The company's quarterly revenue was up 119.3% compared to the same quarter a year ago. The analysts estimated EPS for the higher end at 0.03 and lower end at -0.19 while the year ago reported earnings per share was -0.14.
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Other large investors have also recently made changes to their positions in the company. Seaport Global Securities upgraded shares of Oasis Petroleum from a "neutral" rating to a "buy" rating in a report on Friday, March 31st. Capital One National Association now owns 15,433 shares of the oil and gas producer's stock worth $244,000 after buying an additional 1,333 shares during the last quarter. Finally, Royal Bank of Canada reiterated a "buy" rating and set a $19.00 price target on shares of Oasis Petroleum in a research note on Friday, March 31st.
Oasis Petroleum Inc. (OAS) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 20.75 P/E and the sector P/E is 17.19. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. Bank of America Corp lowered shares of Oasis Petroleum from a "buy" rating to a "neutral" rating and cut their target price for the company from $20.00 to $16.00 in a report on Thursday, May 11th.
Currently, the market capitalization of Oasis Petroleum Inc. The stock has a 50 day moving average of $12.48 and a 200-day moving average of $13.65. (OAS) has a trading volume of 16.34 Million shares, with an average trading volume of 11230 shares - with shares dropping to a 52 week low of $6.56, and the company's shares hitting a 52 week high of $ 17.08. Dimensional Fund Advisors LP now owns 19,638,432 shares of the energy producer's stock valued at $297,326,000 after buying an additional 8,816,593 shares during the period.
Given the importance of identifying companies that will grow earnings per share at high rate, we then need to consider how to identify which companies will achieve high growth rates. Company insiders own 2.50% of the company's stock.
Institutional investors have recently added to or reduced their stakes in the stock. MA acquired a new position in Oasis Petroleum during the third quarter valued at approximately $499,000.
Mckinley Capital Management LLC Delaware boosted its stake in shares of Oasis Petroleum Inc. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Quantbot Technologies LP increased its position in Oasis Petroleum by 154.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer's stock valued at $164,000 after buying an additional 1,526 shares in the last quarter. Vanguard Group Inc. increased its stake in Oasis Petroleum by 5.0% in the first quarter. Finally, Bank of Montreal Can increased its position in Oasis Petroleum by 110.7% in the first quarter.
Marathon Oil Corporation is an exploration and production (E&P) company. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.
