Oasis Petroleum (OAS) Bonds Rise 1.3% During Trading

An issue of Oasis Petroleum Inc. (NYSE:OAS) debt rose 1.3% against its face value during trading on Thursday. The debt issue has a 6.25% coupon and is set to mature on May 1, 2026. The bonds in the issue are now trading at $92.75 and were trading at $91.75 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

Several equities research analysts recently weighed in on the company. Seaport Global Securities reaffirmed a “buy” rating on shares of Oasis Petroleum in a research note on Friday, September 7th. Zacks Investment Research cut Oasis Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Cowen assumed coverage on Oasis Petroleum in a research note on Thursday. They issued a “market perform” rating on the stock. ValuEngine cut Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Stifel Nicolaus upped their price target on Oasis Petroleum from $10.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the stock. Oasis Petroleum presently has an average rating of “Buy” and a consensus target price of $14.50.

Shares of NYSE OAS traded down $0.37 during trading on Friday, reaching $7.14. The company had a trading volume of 12,907,246 shares, compared to its average volume of 9,722,427. Oasis Petroleum Inc. has a 12-month low of $7.01 and a 12-month high of $14.57. The stock has a market cap of $2.39 billion, a P/E ratio of 357.00, a P/E/G ratio of 1.22 and a beta of 2.22. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.72.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The company had revenue of $546.50 million during the quarter, compared to analysts’ expectations of $455.65 million. Oasis Petroleum’s quarterly revenue was up 79.4% compared to the same quarter last year. As a group, analysts forecast that Oasis Petroleum Inc. will post 0.41 earnings per share for the current fiscal year.

In other news, insider Taylor L. Reid sold 30,000 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $8.04, for a total value of $241,200.00. Following the sale, the insider now directly owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in OAS. CIBC Asset Management Inc bought a new position in shares of Oasis Petroleum during the second quarter valued at $150,000. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Oasis Petroleum during the third quarter valued at $157,000. Advisors Preferred LLC bought a new position in shares of Oasis Petroleum during the second quarter valued at $176,000. Emerald Advisers Inc. PA bought a new position in shares of Oasis Petroleum during the second quarter valued at $207,000. Finally, Gideon Capital Advisors Inc. bought a new position in shares of Oasis Petroleum during the second quarter valued at $238,000.

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Oasis Petroleum Company Profile (NYSE:OAS)

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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