Shares of Oasis Petroleum (NASDAQ:OAS) moved higher by 17% after the company reported Q1 results.Quarterly Results Earnings per share fell 900.00% over the past year to ($0.20), which missed the estimate of ($0.16).Revenue of $387,798,000 declined by 32.64% year over year, which beat the estimate of $343,570,000.Outlook Earnings guidance hasn't been issued by the company for now.View more earnings on OASOasis Petroleum hasn't issued any revenue guidance for the time being.Price Action 52-week high: $5.92Company's 52-week low was at $0.24Price action over last quarter: down 72.12%Company Profile Oasis Petroleum is an independent oil and gas producer in the United States. The company operates exclusively in the Williston Basin. At the end of 2018, the company reported net proven reserves of 321 million barrels of oil equivalent. Net production averaged 83,000 barrels of oil equivalent per day in 2018, at a ratio of 77% oil and 23% natural gas and NGLs.See more from Benzinga * 14 Energy Stocks Moving In Monday's Pre-Market Session * 12 Energy Stocks Moving In Monday's Pre-Market Session * 16 Energy Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Oasis Petroleum Inc has begun to wind down all drilling in the Bakken, three sources familiar with the matter said on Tuesday, as production cuts intensify across the United States the aftermath of a historic plunge in crude oil prices. The company has asked its frac crews in the region to take time off, known as a frac holiday, and will completely halt all drilling activity within weeks, two sources said. Oasis did not immediately respond to a request for comment.
My name is Brandon and I'll be your conference operator today. At this time, I'd like to welcome everyone to the First Quarter 2020 Earnings Release and Operations Update for Oasis Petroleum. Today, Oasis management will discuss first quarter 2020 results in the current environment.
Nearly every corner of the oil world has been affected, and billions of dollars in investor capital has already been destroyed. The oil patch is in a massive mess that could take a year or more to correct, and more companies are going to struggle badly and destroy lots more shareholder equity before it gets better. Five oil stocks in particular that investors should avoid are Occidental Petroleum (NYSE: OXY), Oasis Petroleum (NYSE: OAS), Halliburton Co (NYSE: HAL), Chesapeake Energy (NYSE: CHK), and Valaris plc (NYSE: VAL).
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Oasis (OAS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
Lower activity and downtime associated with cold weather is likely to have negatively impacted Oasis Petroleum's (OAS) output in the to-be-reported quarter.
Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") today announced financial and operating results for the first quarter of 2020 and updated its 2020 outlook.
Oasis Petroleum Inc. (Nasdaq: OAS) ("Oasis" or the "Company") today announced that it will postpone its first quarter 2020 earnings release and conference call, previously scheduled for today at 10:00 a.m. Central Time. The Company is completing the review of its unaudited condensed consolidated financial statements, including the finalization of certain documentation which may impact the presentation and disclosure of certain financial statement line items. That documentation is in process and is expected to be completed in the near term. The Company will make an announcement in a subsequent press release to schedule the date and time of its first quarter 2020 earnings conference call. As a result of this delay, the Company will also file a Form 12b-25 with the U.S. Securities and Exchange Commission relating to the Company's report on Form 10-Q for the period ended March 31, 2020. This filing gives the Company an additional five days to file its Form 10-Q and still be deemed to have been filed in a timely manner. It is the Company's current expectation that it will make its Form 10-Q filing within the five-day grace period stipulated by Rule 12b-25, though no assurance can be provided in that regard.
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Oasis Petroleum Inc. (NASDAQ: OAS).
An American City Business Journals analysis of public stock prices found that Houston companies have seen some of the largest stock value declines in the nation in recent weeks.
Rating Action: Moody's downgrades Oasis to B3 CFR, negative outlook. Global Credit Research- 07 Apr 2020. New York, April 07, 2020-- Moody's Investors Service downgraded Oasis Petroleum Inc.' s Corporate ...
Oasis (OAS) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.
Oasis (OAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to Oasis Petroleum (OAS) stock based on the movements in the options market lately.
Oasis Petroleum's (OAS) lease operating expenses decrease to $6.83 per barrel of oil equivalent (Boe) from the year-ago figure of $7.08 per Boe.
Oasis Petroleum Inc. (Nasdaq: OAS) ("Oasis" or the "Company") plans to announce its First Quarter 2020 financial and operational results on Monday, May 18, 2020 before market open. Additionally, the Company will host a live webcast and conference call on Monday, May 18, 2020 at 10:00 a.m. Central Time to discuss First Quarter 2020 financial and operational results.
Oasis Petroleum Inc. (Nasdaq: OAS) ("Oasis" or the "Company") plans to announce its First Quarter 2020 financial and operational results on Monday, May 11, 2020 before market open. Additionally, the Company will host a live webcast and conference call on Monday, May 11, 2020 at 10:00 a.m. Central Time to discuss First Quarter 2020 financial and operational results.
Oil prices imploded earlier this year, which has decimated many oil stocks. Things have gotten so bad that several have already declared bankruptcy. Four that seem to be likely bankruptcy candidates this year are Borr Drilling (NYSE: BORR), California Resources (NYSE: CRC), Denbury Resources (NYSE: DNR), and Oasis Petroleum (NYSE: OAS).