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. Shares of Oasis Petroleum Inc. (OAS) have dropped -40.8% since the company’s Mar-19 earnings report.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 $365.7 million to $550.94 million, which should be compared with $399.05 million generated last year. EPS is seen in a range of -$0.06 to $0.36, against the $0.07 reported a year ago.
OAS’s 50 day simple moving average (SMA 50) price is $7.64 and its 200-day simple moving average (SMA 200) price is $10.87. The company’s stock currently has a total float of 274.5M shares. Its weekly volatility is hovering around 6.42% and felt 6.96% volatility in price over a month. On the upside, the share price will test short term resistance at around $6.15. On a downside, the stock is likely to find some support, which begins at $5.84. The failure to get near-term support could push it to $5.63.
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 $10,519,119, 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 $2,530,512.
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 $10,434,305 as of recent close.Wall Street’s most bullish Oasis Petroleum Inc. (NYSE:OAS) analysts are predicting the share price to blow past $18 per share during the next 12 months. The current median share price forecast by them is $11, suggesting that the stock could increase 82.12% in that time frame. The average price target of $11.28 calls for a nearly 86.75% increase in the stock price.
It had seen a negative analyst call from CapitalOne, which downgraded the stock from Overweight to Underweight on December 20. Analysts at Credit Suisse, shed their positive views on December 19 by lowering it fromOutperform to Neutral. Analysts at Stephens, made their first call about the stock on December 06, recommending it is Equal-Weight.
Moreover, it trades for 11.27 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.54x price/book and 0.94x 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 17.85%. OAS’s ROE is -3.8%, which is also considerably worse than the industry’s ROE of 18.52%. 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.
Oasis Petroleum Inc. (NYSE:OAS) recently claimed $1.76B as the price has approached $6.04. There came a 7.09% growth with the closing bell on Friday. The stock remained range bound between $5.74 and $6.05. Trading activity significantly improved as the volume at ready counter increased to 15,368,911 shares versus 12,475,760 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 12,406,167 shares. The stock is now 27.43% above against its bear-market low of $4.74 on December 26, 2018. It has retreated -141.23% since it’s 52-week high of $14.57 reached in October. Now the market price is down -31.36% on the year and up 9.22% YTD.