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4 Reasons to Add Oasis Petroleum (OAS) to Your Portfolio

Estimates for Oasis Petroleum Inc.OAS have been revised upward over the past 30 days, reflecting analyst's confidence in the stock post solid first-quarter 2018 results. The Zacks Consensus Estimate for 2018 and 2019 earnings has been moved up 8.3% and 22.1% to 39 cents and 83 cents per share, respectively.

The Houston, TX-based company is an independent exploration and production entity focused on acquisition and development of oil and natural gas resources.

The stock has a VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank offer best investment bets.

Let's focus on the factors that make the company an attractive stock to hold on to for greater returns.

Positive Earnings Surprise History: The company has an encouraging earnings surprise history. The bottom line surpassed the Zacks Consensus Estimate in each of the last four quarters, the average positive surprise being 74.9%. The consecutive estimate beats reflect the company's operational excellence.

Price Appreciation: Shares of this Zacks Rank #1 (Strong Buy) company have surged 32% over a year, outperforming the industry 's 11.2% growth.

Raised Production Guidance: It has raised 2018 total production in the 81-84 million barrels of oil equivalent per day (Mboep/d) band, up from the prior forecast of 80-83 Mboe/d, as the company has secured a second rig in Permian Basin.

Growth Projections: The Zacks Consensus Estimate for current-year earnings per share is pegged at 39 cents per share, representing a whopping year-over-year increase of 1850.0%.

For 2019, the consensus estimate for the bottom line stands at 83 cents per share, depicting a 112.1% year-over-year skyrocketing rise.

Other Stocks to Consider

Some other top-ranked stocks from the same industry are Anadarko Petroleum Corporation APC , Wildhorse Resource Development Corporation WRD and Bonanza Creek Energy, Inc. BCEI . You can see the complete list of today's Zacks #1 Rank stocks here .

Anadarko Petroleum carries a Zacks Rank #2 (Buy). It pulled off an average four-quarter positive surprise of 89.24%. The Zacks Consensus Estimate for 2018 EPS has been raised 13.3% in the last 30 days to $2.73 per share.

Wildhorse Resource Development sports a Zacks Rank of 1 and delivered an average four-quarter beat of 17.02%. The Zacks Consensus Estimate for 2018 EPS has been increased 8% in the last 30 days to $1.76 per share.

Bonanza Creek Energy is a Zacks #1 Ranked player. It came up with an average four-quarter earnings surprise of 215.36%. The Zacks Consensus Estimate for 2018 EPS has been revised 7.9% upward in the last 30 days to $4.52 per share.

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Anadarko Petroleum Corporation (APC): Free Stock Analysis Report

Oasis Petroleum Inc. (OAS): Free Stock Analysis Report

Bonanza Creek Energy, Inc. (BCEI): Free Stock Analysis Report

Wildhorse Resource Development Corporation (WRD): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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