Oasis Petroleum Inc. (NYSE:OAS) has been downgraded by Citigroup on January 23 which now rates the stock as Neutral compared with Buy rating suggested in the past. Analysts at Piper Jaffray, shed their positive views on January 09 by lowering it fromOverweight to Neutral. The stock won favor of Stifel analysts who expressed their confidence in it using an upgrade from Hold to Buy on January 08. CapitalOne analysts came out with bearish views on December 20 when the call was made. They think the stock is now Underweight compared to to their prior call for Overweight.
Oasis Petroleum Inc. (OAS) hit an intraday high Friday at $5.62. The shares finished at $5.52, after trading as low as $5.41 earlier in the session. It dropped -1.25% in recent trade and currently has a stock-market value of $1.78B. Trading activity significantly weakened as the volume at ready counter decreased to 7,470,779 shares versus 9,480,280 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 10,264,852 shares. The stock is now 16.46% above against its bear-market low of $4.74 on December 26, 2018. It has retreated -163.95% since it’s 52-week high of $14.57 reached in October. Now the market price is down -30.13% on the year and down -0.18% YTD.
OAS’s 50 day simple moving average (SMA 50) price is $6.18 and its 200-day simple moving average (SMA 200) price is $10.57. The company’s stock currently has a total float of 272.09M shares. Its weekly volatility is hovering around 4.83% and felt 4.47% volatility in price over a month. On the upside, the share price will test short term resistance at around $5.62. On a downside, the stock is likely to find some support, which begins at $5.41. The failure to get near-term support could push it to $5.31.
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 $9,613,500, 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 $2,312,654.
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 $9,535,988 as of recent close. Wall Street’s most bullish Oasis Petroleum Inc. (NYSE:OAS) analysts are predicting the share price to blow past $17 per share during the next 12 months. The current median share price forecast by them is $9, suggesting that the stock could increase 63.04% in that time frame. The average price target of $9.56 calls for a nearly 73.19% increase in the stock price.
Moreover, it trades for 16.24 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.49x price/book and 0.95x 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 -0.7%. OAS’s ROE is -3.8%, which is also considerably worse than the industry’s ROE of -0.31%. 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 -45.9% since the company’s last 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 $355.7 million to $550.94 million, which should be compared with $410.62 million generated last year. EPS is seen in a range of -$5.00E-02 to $0.22, against the $0.1 reported a year ago.