Oasis Petroleum Inc Stock Research

OAS Stock Price

OAS RSI Chart

OAS Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

4.99

Price/Sales (Trailing)

1.94

EV/EBITDA

12.63

Price/Free Cashflow

3.61

OAS Price/Sales (Trailing)

OAS Profitability

EBT Margin

8.27%

Return on Equity

37.95%

Return on Assets

25.88%

Free Cashflow Yield

27.73%

OAS Fundamentals

OAS Revenue

Revenue (TTM)

3.2B

Revenue Y/Y

222.2%

Revenue Q/Q

50.6%

OAS Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

1.1K%

Earnings Q/Q

573.92%

Price Action

Last 7 days

-14.6%

Last 30 days

-33.9%

Last 90 days

-27.1%

Trailing 12 Months

8.0%

OAS Financial Health

Current Ratio

0.98

Debt/Equity

0.09

Debt/Cashflow

4.36

OAS Investor Care

Dividend Yield

13.45%

Dividend/Share (TTM)

14.34

Shares Dilution (1Y)

109.75%

Diluted EPS (TTM)

61.03

Peers (Alternatives to Oasis Petroleum)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	78.5B	25.0B	5.70%	29.51%	10.51	3.14	60.81%	147.54%
OXY	60.4B	36.8B	7.18%	80.08%	4.68	1.64	69.86%	4049.24%
PXD	56.0B	24.8B	4.46%	14.49%	7.86	2.26	81.23%	409.80%
DVN	49.8B	19.7B	7.19%	30.39%	9.45	2.71	81.04%	424.48%
FANG	26.5B	9.6B	12.26%	25.20%	5.96	2.75	73.79%	865.29%
APA	14.4B	12.1B	1.22%	40.52%	4.67	1.31	76.89%	430.32%
OVV	12.8B	14.1B	3.55%	36.78%	3.47	0.91	56.06%	733.33%
MID-CAP
MTDR	7.9B	3.1B	21.66%	52.85%	6.56	2.6	96.12%	296.97%
RRC	6.1B	5.4B	2.60%	37.67%	4.81	1.12	90.74%	385.71%
OAS	4.4B	3.2B	-33.88%	7.97%	4.99	1.94	192.30%	81.27%
KOS	3.7B	2.3B	35.56%	87.53%	8.42	1.6	105.29%	360.71%
CRK	2.9B	3.3B	-8.04%	68.26%	2.94	0.87	125.59%	288.67%
CPE	2.7B	2.0B	25.24%	-11.71%	2.18	1.01	60.18%	387.51%
SMALL-CAP
PARR	1.6B	6.8B	23.68%	101.62%	5.68	0.24	64.72%	229.94%
LPI	812.8M	2.0B	-8.19%	-35.44%	1.11	0.4	82.29%	407.57%

Financials for Oasis Petroleum

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	35.1%	3,153	2,333	1,908	1,580	1,079
S&GA Expenses	92.8%	171	88	85	81	88
Costs and Expenses	32.3%	1,756	1,327	1,130	993	867
EBITDA	2.6%	336	328	-	-	-
EBITDA Margin	-16.6%	0.15*	0.18*	-	-	-
Earnings Before Taxes	-74.4%	188	734	-	-	-
EBT Margin	-18.7%	0.08*	0.10*	-	-	-
Interest Expenses	5.2%	30	29	33	31	-12.25
Net Income	91.1%	1,699	889	839	320	937
Net Income Margin	41.6%	0.54*	0.38*	0.45*	0.20*	-
Free Cahsflow	39.9%	1,715	1,226	989	914	-

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	114.1%	6,555	3,062	3,008	3,027	3,000
Current Assets	30.4%	1,454	1,115	952	1,615	753
Cash Equivalents	15.4%	659	571	410	172	849
Inventory	41.7%	61	43	28	29	28
Net PPE	248.2%	4,656	1,337	1,336	1,320	1,583
Goodwill	-	71	-	-	-	-
Liabilities	11.8%	2,084	1,864	1,566	1,805	1,906
Current Liabilities	19.1%	1,489	1,250	901	1,225	665
Long Term Debt	0.1%	393	393	393	1,042	-
LT Debt, Non Current	0.1%	394	393	393	393	1,042
Shareholder's Equity	273.2%	4,471	1,198	1,442	1,033	1,093
Retained Earnings	196.0%	1,226	414	663	270	52
Additional Paid-In Capital	292.6%	3,470	884	883	863	867
Accumulated Depreciation	66.7%	346	207	167	124	113
Shares Outstanding	111.3%	42	20	20	19	20
Minority Interest	NaN%	-	-	-	189	189

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	39.9%	1,715	1,226	989	914	693
Share Based Compensation	144.8%	45	18	18	15	26
Cashflow From Investing	-3.4%	-1,157.44	-1,119.20	-849.60	-920.77	-129.07
Cashflow From Financing	-130.4%	-747.34	-324.36	157	161	201
Dividend Payments	115.4%	510	237	175	112	126
Buy Backs	Infinity%	499	0	0	-	-

* denotes actual numbers (not divided by Millions)

Risks for OAS

What is the probability of a big loss on OAS?

54.1%

Probability that Oasis Petroleum stock will be more than 20% underwater in next one year

1.2%

Probability that Oasis Petroleum stock will be more than 30% underwater in next one year.

Probability that Oasis Petroleum stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OAS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Oasis Petroleum was unfortunately bought at previous high price.

Drawdowns

Returns for OAS

Cumulative Returns on OAS

Which funds bought or sold OAS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	CENTRAL TRUST Co	unchanged	-	420	3,420	-%
2023-01-26	Inspire Investing, LLC	added	12.97	26,997	235,997	0.03%
2023-01-26	Empowered Funds, LLC	new	-	1,033,000	1,033,000	0.07%
2023-01-26	Calamos Advisors LLC	added	6.66	221,571	3,532,570	0.02%
2023-01-26	State of Tennessee, Treasury Department	reduced	-2.54	52,000	597,000	-%
2023-01-26	STRS OHIO	reduced	-16.47	-191,000	971,000	-%
2023-01-26	COMERICA BANK	reduced	-3.91	-32,000	205,000	-%
2023-01-26	Harel Insurance Investments & Financial Services Ltd.	new	-	75,000	75,000	-%
2023-01-25	MGO ONE SEVEN LLC	new	-	345,445	345,445	0.04%
2023-01-25	Lindbrook Capital, LLC	reduced	-18.18	-537	2,463	-%

Latest Funds Activity

Are funds buying OAS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own OAS

No. of Funds

Oasis Petroleum News

Schedule 13G FIlings of Oasis Petroleum

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2022	aristeia capital llc	3.27%	651,860	SC 13G/A
Feb 14, 2022	allianz global investors u.s. holdings llc	0.0%	0	SC 13G/A
Feb 11, 2022	lord, abbett & co. llc	0%	0	SC 13G/A
Feb 11, 2022	lord abbett investment trust	0%	0	SC 13G/A
Feb 07, 2022	blackrock inc.	6.5%	1,281,010	SC 13G
Jan 14, 2022	jpmorgan chase & co	10.1%	2,014,039	SC 13G/A
Nov 10, 2021	capital world investors	4.5%	904,175	SC 13G/A
May 20, 2021	paley mark steven	0266%	1,010,000	SC 13G
Feb 16, 2021	aristeia capital llc	5.18%	1,035,773	SC 13G
Feb 12, 2021	lord, abbett & co. llc	7.20%	1,440,628	SC 13G

OAS Fair Value

Oasis Petroleum fair value in different scenarios

The table shows the Fair Value estimates for Oasis Petroleum for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	531.67 -	970.09 -	1488.52 -	2205.35 -	3279.28 -
Current Inflation	483.75 -	859.87 -	1293.33 -	1901.44 -	2801.54 -
Very High Inflation	425.23 -	729.39 -	1067.34 -	1551.68 -	2256.76 -

Fair Value

Very Pessimistic

Pessimistic

Base Case

Optimistic

Very Optimistic

Very Low Inflation

531.67

970.09

1488.52

2205.35

3279.28

Current Inflation

483.75

859.87

1293.33

1901.44

2801.54

Very High Inflation

425.23

729.39

1067.34

1551.68

2256.76

Historical Oasis Petroleum Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Oasis Petroleum

View All Filings

Date Filed	Form Type	Document
Jan 20, 2023	4	Insider Trading
Jan 20, 2023	4	Insider Trading
Jan 06, 2023	4	Insider Trading
Jan 06, 2023	4	Insider Trading
Jan 05, 2023	4	Insider Trading
Jan 05, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading

Latest Insider Trading transactions for OAS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-05-31	Holroyd Samantha	sold	-247,500	165	-1,500	-
2022-04-13	Brown Daniel E	sold (taxes)	-657,725	152.04	-4,326	chief executive officer
2022-01-18	Lorentzatos Nickolas J	sold (taxes)	-229,944	135.5	-1,697	executive vp, gc & corp. sec.
2022-01-18	Lou Michael H	sold (taxes)	-374,658	135.5	-2,765	executive vp and cfo
2022-01-18	Reid Taylor L	sold (taxes)	-400,809	135.5	-2,958	president and coo
2021-11-22	Woung-Chapman Marguerite	acquired	-	-	2,916	-
2021-11-02	Brooks Douglas E	bought	61,880	123.76	500	-
2021-10-28	Brooks Douglas E	bought	74,218.8	118.75	625	-
2021-04-13	Brown Daniel E	acquired	-	-	43,975	chief executive officer
2021-01-18	Lorentzatos Nickolas J	acquired	-	-	16,776	executive vp, gc & corp. sec.

About Oasis Petroleum

OAS Income Statement

2022-09-30

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Total revenues	$ 1,188,843	$ 368,977	$ 2,631,192	$ 1,058,350
Operating expenses
Lease operating expenses	156,397	44,889	287,195	146,373
Gathering, processing and transportation expenses	35,549	30,028	99,759	90,920
Production taxes	83,535	18,445	159,473	50,933
Depreciation, depletion and amortization	141,047	23,975	227,856	83,976
General and administrative expenses	102,226	20,088	151,415	61,500
Total operating expenses	652,289	223,542	1,473,829	711,479
Gain on sale of assets	755	5,405	2,595	228,473
Operating income	537,309	150,840	1,159,958	575,344
Other income (expense)
Net gain (loss) on derivative instruments	337,409	(101,790)	(128,766)	(550,342)
Net gain from investment in unconsolidated affiliate	75,093	0	38,977	0
Interest expense, net of capitalized interest	(8,645)	(7,156)	(22,810)	(23,444)
Other income (expense)	(864)	(139)	2,186	(793)
Total other income (expense), net	402,993	(109,085)	(110,413)	(574,579)
Income from continuing operations before income taxes	940,302	41,755	1,049,545	765
Income tax benefit	1,307	0	3,352	0
Net income from continuing operations	941,609	41,755	1,052,897	765
Income (loss) from discontinued operations attributable to Chord, net of income tax	(59,858)	30,195	425,696	100,957
Net income attributable to Chord	$ 881,751	$ 71,950	$ 1,478,593	$ 101,722
Basic earnings attributable to Chord per share:
Basic from continuing operations (in dollars per share)	$ 22.79	$ 2.11	$ 39.28	$ 0.04
Basic from discontinued operations (in dollars per share)	(1.45)	1.52	15.88	5.07
Basic total (Note 18) (in dollars per share)	21.34	3.63	55.16	5.11
Diluted earnings attributable to Chord per share:
Diluted from continuing operations (in dollars per share)	21.84	2.01	37.02	0.04
Diluted from discontinued operations (in dollars per share)	(1.39)	1.45	14.97	4.92
Diluted total (Note 18) (in dollars per share)	$ 20.45	$ 3.46	$ 51.99	$ 4.96
Weighted average shares outstanding:
Basic (Note 18) (in shares)	41,318	19,812	26,806	19,905
Diluted (Note 18) (in shares)	43,107	20,786	28,438	20,508
Oil and Gas Services
Revenues
Total revenues	$ 1,056,146	$ 281,474	$ 2,088,215	$ 781,459
Operating expenses
Exploration and impairment	910	263	1,698	1,941
Purchased Oil and Gas
Revenues
Total revenues	132,697	87,382	542,653	276,349
Operating expenses
Expenses	132,625	85,828	546,310	275,789
Other services revenues
Revenues
Total revenues	0	121	324	542
Operating expenses
Expenses	$ 0	$ 26	$ 123	$ 47

OAS Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 658,857	$ 172,114
Accounts receivable, net	717,149	377,202
Inventory	60,956	28,956
Prepaid expenses	13,339	6,016
Derivative instruments	3,061	0
Other current assets	582	1,836
Current assets held for sale	0	1,029,318
Total current assets	1,453,944	1,615,442
Property, plant and equipment
Oil and gas properties (successful efforts method)	4,926,278	1,395,837
Other property and equipment	75,434	48,981
Less: accumulated depreciation, depletion and amortization	(345,648)	(124,386)
Total property, plant and equipment, net	4,656,064	1,320,432
Derivative instruments	52,110	44,865
Investment in unconsolidated affiliate	138,452	0
Long-term inventory	22,009	17,510
Operating right-of-use assets	26,954	15,782
Deferred tax assets	183,495	0
Other assets	22,107	12,756
Total assets	6,555,135	3,026,787
Current liabilities
Accounts payable	32,709	2,136
Revenues and production taxes payable	575,372	270,306
Accrued liabilities	476,636	150,674
Accrued interest payable	9,759	2,150
Derivative instruments	366,605	89,447
Advances from joint interest partners	3,609	1,892
Current operating lease liabilities	11,870	7,893
Other current liabilities	12,205	1,046
Current liabilities held for sale	0	699,653
Total current liabilities	1,488,765	1,225,197
Long-term debt	393,782	392,524
Deferred tax liabilities	0	7
Asset retirement obligations	119,757	57,604
Derivative instruments	37,898	115,282
Operating lease liabilities	14,380	6,724
Other liabilities	29,740	7,876
Total liabilities	2,084,322	1,805,214
Commitments and contingencies (Note 19)
Stockholders’ equity
Common stock, $0.01 par value: 120,000,000 shares authorized, 43,601,102 shares issued and 41,555,328 shares outstanding at September 30, 2022; 60,000,000 shares authorized, 20,147,199 shares issued and 19,276,181 shares outstanding at December 31, 2021	438	200
Treasury stock, at cost: 2,045,774 shares at September 30, 2022 and 871,018 shares at December 31, 2021	(224,845)	(100,000)
Additional paid-in capital	3,469,622	863,010
Retained earnings	1,225,598	269,690
Chord share of stockholders’ equity	4,470,813	1,032,900
Non-controlling interests	0	188,673
Total stockholders’ equity	4,470,813	1,221,573
Total liabilities and stockholders’ equity	$ 6,555,135	$ 3,026,787