Oasis Petroleum Inc. (OAS) will probably climb 61.14 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $15-month high price target. This represents a whopping 136.97 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $9.5, which represents a return potential of 50.08 percent when compared to the closing price of the stock of $6.33 on Friday, January 11. The lowest price target for the stock is $5 — slightly more than -21.01 percent from OAS’s current share price.
The stock is currently hovering around the first support level of $6.25. Below this, the next support is placed in the zone of $6.16. Till the time, the OAS stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 48.48 on daily chart, which may remain a cause for concern. If the price breaks below $6.16 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.47 mark may result into a pull-back move towards $6.6 level.
On 11th of January, Oasis Petroleum Inc. (NYSE:OAS) shares ended lower after a volatile session. The shares dropped -0.26 points or -3.95 percent at $6.33 with a light trade volume of 10.902 million shares. After opening the session at $6.48, the shares went as high as $6.52 and as low as $6.3, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $2.1 billion and now has 331.52 million shares outstanding. Oasis Petroleum Inc. (OAS) stock has gained 0.16 percent of market value in 21 trading days.
OAS stock has a trailing 3-year beta of 2.28, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$1.01 a share in the trailing twelve months. The stock’s value has surged 14.47 percent year to date (YTD) against a decline of -28.15 percent in 12 month’s time. The company’s shares still trade -56.55 percent away from its 1-year high of $14.57 and 33.54 percent up from 52-week low of $4.74. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Oasis Petroleum Inc. (OAS) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry OAS operates in has an average P/E of 16.71. Its P/E ratio went as low as 3.28X and as high as 19.25 over the 5-year span. Further, it is sporting a 1.12 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.8. 70.9 percent is the gross profit margin for Oasis Petroleum Inc. and operating margin sits at 6.5 percent. Along with this, the net profit margin is -7.1 percent.
Let’s take a look at some insider activity at Oasis Petroleum Inc. (NYSE:OAS) and see the pattern. The earliest insider trade took place on 11/19/2018. Reid Taylor L parted with a total of 30 thousand shares of company at average share price of $8.04. The total for the sales was set at $241.2 thousand. After this transaction, the President and COO account balance stood at 1.74 million shares. The stock lost -21.27 percent since that insider sale. On 05/16/2018, Lou Michael H, Executive VP and CFO, sold 16 thousand shares at a price per share of $12.27. This removed 196.32 thousand shares from the insider’s fortune and the stock saw a -48.41 percent retreat in value since the news became public. This transaction left 418.96 thousand shares in the Executive VP and CFO account.
On 05/16/2018, President and COO Reid Taylor L performed a sale transaction worth $366.6 thousand. This sale at $12.22 each has eliminated 30 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -48.2 percent decrease since the transaction was reported. The insider now is left with 1.73 million shares remaining in the account. Lorentzatos Nickolas J, who performs the Executive VP, GC & Corp. Sec. job, sold 19.18 thousand shares for $228.25 thousand. The disposal occurred on 05/05/2018 was priced at $11.9 per share. The share price plunged -46.81 percent since the reporting date. Lorentzatos Nickolas J now left with a stake of 257.63 thousand OAS stock worth $1.63 million after the insider selling.