NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS) - Get Oasis Petroleum Inc. Report are down by 3.51% to $4.67 in mid-morning trading on Tuesday, as some stocks within the energy sector decline due to today's mixed oil prices and comments from the International Energy Agency.
Full Answer
What does Oasis Petroleum’s bankruptcy mean for OAS stock?
Here’s what investors in OAS stock need to know about the Oasis Petroleum bankruptcy. The company notes that it is entering bankruptcy in hopes of reducing its total debt by $1.8 billion.
What are analysts' price targets for Oasis Petroleum's stock?
10 equities research analysts have issued 12-month price objectives for Oasis Petroleum's shares. Their forecasts range from $3.50 to $166.00. On average, they expect Oasis Petroleum's stock price to reach $95.10 in the next year.
What is the dividend yield of Oasis Petroleum?
Oasis Petroleum pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.74%. View Oasis Petroleum's dividend history. What price target have analysts set for OAS? 10 equities research analysts have issued 12-month price objectives for Oasis Petroleum's shares. Their forecasts range from $3.50 to $166.00.
Who owns Oasis Petroleum?
Company insiders that own Oasis Petroleum stock include Bobby S Shackouls, John E Hagale, Michael H Lou, Nickolas J Lorentzatos, Taylor L Reid and Thomas B Nusz. View institutional ownership trends for Oasis Petroleum.
What happened to OAS stock?
(OAS) closed the most recent trading day at $128.04, moving -0.61% from the previous trading session.
Will OAS stock go up?
Based on our forecasts, a long-term increase is expected, the "OAS" stock price prognosis for 2027-06-25 is 463.386 USD. With a 5-year investment, the revenue is expected to be around +323.96%. Your current $100 investment may be up to $423.96 in 2027. Get It Now!
What is happening with Oasis Petroleum?
Oasis and Whiting announced a $6 billion merger in early March 2022. The combination is expected to close in the third quarter of 2022. The new company will have a new name and new NASDAQ ticker.
When did OAS go public?
Listing on the NASDAQ In connection with emergence from Chapter 11, all of the Company's existing equity interests will be cancelled, effective before the market opens on November 20, 2020. Shares of the Company's new common stock will commence trading on the NASDAQ under the ticker symbol "OAS" on November 20, 2020.
Is Oasis Petroleum good investment?
Oasis Petroleum has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Should I buy Oasis Petroleum stock?
Given these factors, it shouldn't be surprising that OAS is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Oasis Petroleum Inc.
Is Whiting Petroleum a good stock to buy?
Whiting Petroleum has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Will seniors get a raise in 2021 in Canada?
In the 2021 federal budget, it was announced that OAS pensions will increase by 10 per cent for seniors 75 and over as of July 2022. It also proposes a one-time payment of $500 in August 2021 to OAS pensioners who will be 75 or over as of June 30, 2022.
Is OAS going up 2022?
Note: Subsequent to the increase in the Consumer Price Index, OAS benefit amounts increased by 2.8% for the July to September 2022 quarter.
Will seniors get a raise in 2022 in Canada?
How much will CPP and OAS increase in 2022? OAS payments have been increased by 1.0% for the April-June quarter of 2022. Old Age Security is also being permanently increased by 10% for seniors 75 and older starting in July 2022.
Is Oasis Petroleum going out of business?
Oasis Petroleum declared bankruptcy in September 2020 and emerged, recapitalized, on November 19, 2020. In May 2021, it announced the acquisition, for $745 million, of Diamondback Energy's Bakken reserves and production.
Did OAS do a reverse split?
According to our OAS stock split history records, OAS has had 0 splits.
Oasis Petroleum Q2 Earnings and Revenues Beat Estimates
Oasis Petroleum reported second-quarter 2021 adjusted earnings per share of $2.76, comfortably beating the Zacks Consensus Estimate of $2.29 and improving from the year-ago profit of 23 cents.
Production & Price Realizations
Total production (comprising 64% oil) edged up 0.3% from the year-ago level to 54.271 thousand oil-equivalent barrels per day (MBOE/d) and surpassed the Zacks Consensus Estimate of 53.3 MBOE/d.
Total Expenses
Total operating expenses in the quarter climbed to $240.5 million from the year-ago quarter’s $176.5 million. This was mainly on account of a jump in midstream outlays, and purchased oil and gas expenses, which were up 188.5% and 157.5%, respectively, from the corresponding quarter of last year.
Financial Position
Capital spending totaled $53 million in the quarter. Oasis Petroleum recorded $160 million in net cash flow used in operations. As of Jun 30, this Bakken-focused operator had $388.9 million in cash and cash equivalents. The company had long-term debt of $1 billion, representing a debt-to-capitalization of 50.5%.
Guidance
For the third and fourth quarters of 2021, Oasis Petroleum estimates its E&P capex in the $50-$60 and $65-$65 million range, respectively.
Signals & Forecast
There are few to no technical positive signals at the moment. The Oasis Petroleum Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Support, Risk & Stop-loss
Oasis Petroleum Inc finds support from accumulated volume at $126.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Oasis Petroleum Inc stock A Buy?
The Oasis Petroleum Inc stock holds several negative signals and despite the positive trend, we believe Oasis Petroleum Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Insiders are very negative selling more shares than they are buying in Oasis Petroleum Inc
In the last 100 trades there were 1.09 million shares bought and 6.53 million shares sold. The last trade was done 31 days ago by Lou Michael H who sold 2.77 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
About Oasis Petroleum Inc
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its principal projects are located in West Williston and East Nesson.
Golden Star Signal
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Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Is OAS going bankrupt?
September 30, 2020. Oasis Petroleum (NASDAQ: OAS) is voluntarily entering chapter 11 bankruptcy protection as it looks to reduce its debt. Source: Shutterstock. Here’s what investors in OAS stock need to know about the Oasis Petroleum bankruptcy.
When is Louis Navellier's discovery?
Wed, June 30 at 7:00PM ET.
Who is the CEO of Oasis Petroleum?
Thomas Nusz, president and CEO of Oasis Petroleum, said the following about the bankruptcy news. “We are confident that we are taking the right steps to position the business for long-term success.
