Oasis: 1Q Earnings Snapshot
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.