Oasis Petroleum Inc. (NYSE:OAS) has been downgraded by Piper Jaffray on January 09 which now rates the stock as Neutral compared with Overweight rating suggested in the past. Analysts at Stifel, shed their negative views on January 08 by lifting it fromHold to Buy. The stock lost favor of CapitalOne analysts who expressed their lack of confidence in it using a downgrade from Overweight to Underweight on December 20.
Oasis Petroleum Inc. (OAS) hit an intraday high Friday at $6.52. The shares finished at $6.33, after trading as low as $6.3 earlier in the session. It dropped -3.95% in recent trade and currently has a stock-market value of $2.1B. Trading activity significantly weakened as the volume at ready counter decreased to 10,902,099 shares versus 12,132,555 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 12,306,338 shares. The stock is now 33.54% above against its bear-market low of $4.74 on December 26, 2018. It has retreated -130.17% since it’s 52-week high of $14.57 reached in October. Now the market price is down -28.15% on the year and up 14.47% YTD.
OAS’s 50 day simple moving average (SMA 50) price is $7.24 and its 200-day simple moving average (SMA 200) price is $10.82. The company’s stock currently has a total float of 274.5M shares. Its weekly volatility is hovering around 5.14% and felt 6.36% volatility in price over a month. On the upside, the share price will test short term resistance at around $6.47. On a downside, the stock is likely to find some support, which begins at $6.25. The failure to get near-term support could push it to $6.16.
Separately, it has been reported that multiple insider activity took place at Oasis Petroleum Inc. (OAS). President and COO Reid Taylor L sold 30,000 shares for $1,741,576 in transaction occurred on 2018/11/19. After making this transaction, the President and COO owns a direct stake of 241,200 shares, worth $11,024,176, as per the last closing price. On 2018/05/16 Lou Michael H, Executive VP and CFO at OAS, dumped 16,000 shares at an average price of $12.27 per share. The selling total is valued at $2,652,010.
President and COO, Reid Taylor L had divested 30,000 shares for $1,727,534 through a trade on 2018/05/16. Following this activity, the insider holds 366,600 shares worth $10,935,290 as of recent close. Wall Street’s most bullish Oasis Petroleum Inc. (NYSE:OAS) analysts are predicting the share price to blow past $15 per share during the next 12 months. The current median share price forecast by them is $9.5, suggesting that the stock could increase 50.08% in that time frame. The average price target of $9.83 calls for a nearly 55.29% increase in the stock price.
Moreover, it trades for 12.63 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.57x price/book and 1.12x price/sales. Compared to others, Oasis Petroleum Inc. is in a different league with regards to profitability, having net margins of -7.1%. To put some perspective around this, the industry’s average net margin is 6.89%. OAS’s ROE is -3.8%, which is also considerably worse than the industry’s ROE of 6.89%. It’s also not liquid in the near term, with a current ratio of 0.6. The stock has a debt/capital of 0.75.
Shares of Oasis Petroleum Inc. (OAS) have dropped -38% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Oasis Petroleum Inc. (NYSE:OAS) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 2 quarters (16%), whereas at 1 occasion EPS met analyst expectations. OAS last reported earnings on November 05, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.08 per share, -99.79% change on the same period last year. That was worse than consensus for $0.13. Revenue for the recent quarter stood at $546.45 million, up 79% on last year and above the $445.99 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $413.94 million to $610.3 million, which should be compared with $365.25 million generated last year. EPS is seen in a range of $0.1 to $0.36, against the $0.06 reported a year ago.