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OAS

Oasis Petroleum NasdaqGS:OAS Stock Report

Last Price

US$109.30

Market Cap

US$2.1b

7D

-14.6%

1Y

4.0%

Updated

03 Jul, 2022

Data

Company Financials +
OAS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends4/6

OAS Stock Overview

As of July 1, 2022, Oasis Petroleum Inc. was acquired by Whiting Petroleum Corporation, in a reverse merger transaction.

Oasis Petroleum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Oasis Petroleum
Historical stock prices
Current Share PriceUS$109.30
52 Week HighUS$181.34
52 Week LowUS$79.31
Beta0
1 Month Change-33.77%
3 Month Change-26.62%
1 Year Change4.03%
3 Year Changen/a
5 Year Changen/a
Change since IPO252.58%

Recent News & Updates

Shareholder Returns

OASUS Oil and GasUS Market
7D-14.6%1.1%-2.5%
1Y4.0%28.8%-21.2%

Return vs Industry: OAS underperformed the US Oil and Gas industry which returned 28.8% over the past year.

Return vs Market: OAS exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is OAS's price volatile compared to industry and market?
OAS volatility
OAS Average Weekly Movement8.9%
Oil and Gas Industry Average Movement8.9%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: OAS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: OAS's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007255n/ahttps://www.oasispetroleum.com

As of July 1, 2022, Oasis Petroleum Inc. was acquired by Whiting Petroleum Corporation, in a reverse merger transaction. 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 United States. It engages in the acquisition and development of oil and gas properties.

Oasis Petroleum Fundamentals Summary

How do Oasis Petroleum's earnings and revenue compare to its market cap?
OAS fundamental statistics
Market CapUS$2.15b
Earnings (TTM)US$252.20m
Revenue (TTM)US$1.81b

8.5x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OAS income statement (TTM)
RevenueUS$1.81b
Cost of RevenueUS$805.67m
Gross ProfitUS$1.01b
Other ExpensesUS$753.25m
EarningsUS$252.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)12.85
Gross Margin55.52%
Net Profit Margin13.92%
Debt/Equity Ratio27.2%

How did OAS perform over the long term?

See historical performance and comparison

Dividends

13.0%

Current Dividend Yield

39%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OAS?

Other financial metrics that can be useful for relative valuation.

OAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA16.3x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does OAS's PE Ratio compare to its peers?

OAS PE Ratio vs Peers
The above table shows the PE ratio for OAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.4x
WLL Oasis Petroleum
6.8x3.2%US$2.7b
CRGY Crescent Energy
10.2x69.1%US$2.1b
STR Sitio Royalties
6.8x39.8%US$2.0b
CRC California Resources
5.8x-5.8%US$3.1b
OAS Oasis Petroleum
8.5x31.6%US$2.1b

Price-To-Earnings vs Peers: OAS is expensive based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (7.4x).


Price to Earnings Ratio vs Industry

How does OAS's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: OAS is good value based on its Price-To-Earnings Ratio (8.5x) compared to the US Oil and Gas industry average (11.8x)


Price to Earnings Ratio vs Fair Ratio

What is OAS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: OAS is good value based on its Price-To-Earnings Ratio (8.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).


Share Price vs Fair Value

What is the Fair Price of OAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OAS ($109.3) is trading below our estimate of fair value ($1487.26)

Significantly Below Fair Value: OAS is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: OAS is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Oasis Petroleum forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OAS's forecast earnings growth (31.6% per year) is above the savings rate (1.9%).

Earnings vs Market: OAS's earnings (31.6% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: OAS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OAS's revenue (19.8% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: OAS's revenue (19.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OAS's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Oasis Petroleum performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-22.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OAS has a large one-off gain of $224.2M impacting its March 31 2022 financial results.

Growing Profit Margin: OAS's current net profit margins (13.9%) are lower than last year (35.1%).


Past Earnings Growth Analysis

Earnings Trend: OAS has become profitable over the past 5 years, growing earnings by -22.8% per year.

Accelerating Growth: OAS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OAS had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (102.2%).


Return on Equity

High ROE: OAS's Return on Equity (17.5%) is considered low.


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Financial Health

How is Oasis Petroleum's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OAS's short term assets ($952.2M) exceed its short term liabilities ($901.0M).

Long Term Liabilities: OAS's short term assets ($952.2M) exceed its long term liabilities ($665.0M).


Debt to Equity History and Analysis

Debt Level: OAS has more cash than its total debt.

Reducing Debt: OAS's debt to equity ratio has reduced from 78.1% to 27.2% over the past 5 years.

Debt Coverage: OAS's debt is well covered by operating cash flow (251.8%).

Interest Coverage: OAS's interest payments on its debt are not well covered by EBIT (0x coverage).


Balance Sheet


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Dividend

What is Oasis Petroleum current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


13.01%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OAS's dividend (13.01%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: OAS's dividend (13.01%) is in the top 25% of dividend payers in the US market (4.25%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether OAS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if OAS's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.2%), OAS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (37.2%), OAS's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Oasis Petroleum has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Oasis Petroleum Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Oasis Petroleum Inc.
  • Ticker: OAS
  • Exchange: NasdaqGS
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$2.145b
  • Shares outstanding: 19.63m
  • Website: https://www.oasispetroleum.com

Number of Employees


Location

  • Oasis Petroleum Inc.
  • 1001 Fannin Street
  • Suite 1500
  • Houston
  • Texas
  • 77002
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.