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Last $17.04 USD
Change Today -0.05 / -0.29%
Volume 5.7M
OAS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

oasis petroleum inc (OAS) Snapshot

Open
$16.89
Previous Close
$17.09
Day High
$17.24
Day Low
$16.70
52 Week High
07/24/14 - $58.09
52 Week Low
12/12/14 - $10.64
Market Cap
2.4B
Average Volume 10 Days
6.6M
EPS TTM
$1.70
Shares Outstanding
139.2M
EX-Date
--
P/E TM
10.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for OASIS PETROLEUM INC (OAS)

oasis petroleum inc (OAS) Related Businessweek News

No Related Businessweek News Found

oasis petroleum inc (OAS) Details

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. The company's principal projects are located in West Williston and East Nesson. As of December 31, 2014, it had 505,503 net leasehold acres in the Williston Basin; and approximately 272.1 million barrels of oil equivalent of estimated net proved reserves. The company sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. Oasis Petroleum Inc. was founded in 2007 and is headquartered in Houston, Texas.

555 Employees
Last Reported Date: 05/7/15
Founded in 2007

oasis petroleum inc (OAS) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.5M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $850.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $643.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $561.6K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $403.0K
Compensation as of Fiscal Year 2014.

oasis petroleum inc (OAS) Key Developments

Oasis Petroleum Inc. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Announces Impairment of Oil and Gas Properties for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Second Quarter and Production and Capex Guidance for the Full Year of 2015

Oasis Petroleum Inc. announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company announced total revenues of $180,387,000 compared to $349,519,000 for the same period a year ago. Operating loss was $33,635,000 compared to operating income of $329,080,000 for the same period a year ago. Loss before income taxes was $25,417,000 compared to income before income taxes of $271,472,000 for the same period a year ago. Net loss was $18,041,000 or $0.17 per basic and diluted share compared to net income of $169,953,000 or $1.70 per diluted share for the same period a year ago. Net cash provided by operating activities was $88,361,000 compared to $208,267,000 for the same period a year ago. Capital expenditures were $359,113,000 compared to $280,895,000 for the same period a year ago. Adjusted EBITDA was $208,878,000 compared to $239,774,000 for the same period a year ago. Adjusted net income was $30,640,000 compared to $64,770,000 for the same period a year ago. Adjusted earnings per share, diluted were $0.28 compared to $0.65 for the same period a year ago. Invested capital expenditures were $271.1 million in the first quarter of 2015, compared to a CapEx budget of $271.1 million. Total revenues for the first quarter of 2015 decreased by 40% compared to the fourth quarter of 2014, primarily due to lower oil and natural gas prices in the first quarter of 2015. For the quarter, the company announced oil production of 4,022 MBbls compared to 3,449 MBbls for the same period a year ago. Natural gas production was 3,107 MMcf compared to 2,448 MMcf for the same period a year ago. Oil equivalents production was 4,540 MBoe compared to 3,857 MBoe for the same period a year ago. Average daily production was 50,446 Boe/d compared to 42,856 Boe/d for the same period a year ago. For the quarter, the company announced impairment of oil and gas properties of $5,321,000 compared to $762,000 for the same period a year ago. For the second quarter of 2015, the company expects to produce between 47,000 and 49,000 Boepd. For the full year of 2015, the company expects to produce between 46,000 and 49,000 Boepd. The company remains on track to spend $705 million CapEx budget for 2015.

Oasis Petroleum Inc. Announces Redetermination and Extension of its Borrowing Base

Oasis Petroleum Inc. announced that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in a borrowing base of $1,700 million.  The company increased the lenders' aggregate elected commitment to $1,525 million from $1,500 million.  The lenders' aggregate commitment can be increased to the full $1,700 million borrowing base by increasing the commitment of one or more lenders. Additionally, the company extended the maturity date of the facility from April 2018 to April 2020, provided that the company's 2019 Senior Notes are retired or refinanced 90 days prior to the maturity of the 2019 Senior Notes.  Oasis' borrowing base facility is supported by 18 financial institutions.  The next redetermination of the borrowing base is scheduled for October 1, 2015.

Oasis Petroleum Inc., Q1 2015 Earnings Call, May 07, 2015

Oasis Petroleum Inc., Q1 2015 Earnings Call, May 07, 2015

 

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Industry Analysis

OAS

Industry Average

Valuation OAS Industry Range
Price/Earnings 5.5x
Price/Sales 1.5x
Price/Book 1.0x
Price/Cash Flow 2.9x
TEV/Sales 0.0x
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