Just the Facts on Oasis Petroleum Inc. (OAS)

Oasis Petroleum Inc. (OAS) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $8.23, down from yesterday’s close by -0.24%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Oasis Petroleum Inc. (OAS) currently trades with a market capitalization of $2.16 Billion. That value represents a market adjusting for revenues that have been growing by 85.54 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$907.78 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.05 on a per share basis this quarter. Perhaps, that suggests something about why 2.38% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Oasis Petroleum Inc. recorded a 52-week high of $15.27. It is now trading 7.04% off that level. The stock is trading $8.50 its 50-day moving average by 0.27%. The stock carved out a 52-week low down at $6.69.

In recent action, Oasis Petroleum Inc. (OAS) has made a move of +4.57% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 13.71% with $261.87 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OAS.

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