Oasis Petroleum Inc. is an oil and natural gas explorer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on OAS’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Oasis Petroleum could be a solid choice for investors.
Current Quarter Estimates for OAS
In the past 30 days, four estimates have gone higher for Oasis Petroleum while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to a loss of 5 cents today, a move of 28.5%.
Current Year Estimates for OAS
Meanwhile, Oasis Petroleum’s current year figures are also looking quite promising, with nine estimates moving higher in the past month, compared to two lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 17 cents per share 30 days ago to a loss of 11 cents per share today, an increase of 35.2%.
Bottom Line
The stock has also started to move higher lately, adding 5.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Can Oasis Petroleum (OAS) Run Higher on Strong Earnings Estimate Revisions?
Oasis Petroleum Inc. is an oil and natural gas explorer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on OAS’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Oasis Petroleum could be a solid choice for investors.
Current Quarter Estimates for OAS
In the past 30 days, four estimates have gone higher for Oasis Petroleum while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to a loss of 5 cents today, a move of 28.5%.
Current Year Estimates for OAS
Meanwhile, Oasis Petroleum’s current year figures are also looking quite promising, with nine estimates moving higher in the past month, compared to two lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 17 cents per share 30 days ago to a loss of 11 cents per share today, an increase of 35.2%.
Oasis Petroleum Inc. Price and Consensus
Oasis Petroleum Inc. Price and Consensus | Oasis Petroleum Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 5.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>