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Oasis: 1Q Earnings Snapshot

May 18, 2020 GMT

HOUSTON (AP) _ Oasis Petroleum Inc. (OAS) on Monday reported a loss of $4.31 billion in its first quarter.

On a per-share basis, the Houston-based company said it had a loss of $13.61. Losses, adjusted for one-time gains and costs, were 20 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The oil and gas exploration and production company posted revenue of $387.8 million in the period.

The company’s shares closed at 44 cents. A year ago, they were trading at $5.63.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OAS at https://www.zacks.com/ap/OAS

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