|Bid||30.00 x 800|
|Ask||93.00 x 1300|
|Day's Range||57.47 - 59.43|
|52 Week Range||0.07 - 61.17|
|Beta (5Y Monthly)||3.94|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.50 (2.55%)|
|Ex-Dividend Date||Mar 05, 2021|
|1y Target Est||N/A|
At this time, I'd like to welcome everyone to the fourth-quarter 2020 earnings release and operations update for Oasis Petroleum. Please be advised that our remarks on both Oasis Petroleum and Oasis Midstream Partners, including the answers to your questions, include statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act.
Shares of Oasis Petroleum (NASDAQ:OAS) increased by 43.26% in the past three months. Before having a look at the importance of debt, let us look at how much debt Oasis Petroleum has.Oasis Petroleum's Debt According to the Oasis Petroleum's most recent balance sheet as reported on November 5, 2020, total debt is at $1.02 billion, with $487.50 million in long-term debt and $529.60 million in current debt. Adjusting for $84.27 million in cash-equivalents, the company has a net debt of $932.83 million.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.Investors look at the debt-ratio to understand how much financial leverage a company has. Oasis Petroleum has $2.51 billion in total assets, therefore making the debt-ratio 0.41. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 25% might be higher for one industry and normal for another.Why Debt Is Important Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Tuesday(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
At this time, I'd like to welcome everyone to the third-quarter 2020 earnings release and operation update for Oasis Midstream Partners. Today, Oasis management will discuss third-quarter 2020 results and the current environment. This is Richard Robuck.