|Bid||0.00 x 21500|
|Ask||0.00 x 1000|
|Day's Range||11.57 - 12.71|
|52 Week Range||6.69 - 13.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.37|
Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%. This growth may have been due to its strong second-quarter earnings and gains in natural gas prices. Its distribution rose 8% year-over-year during the quarter, and the partnership increased its 2018 production guidance. BSM has risen 6.4% this year, while peer Viper Energy Partners (VNOM) has risen 59%. For a comparison of the two royalty owners, read VNOM and BSM: A Comparative Analysis of Two Mineral Interest MLPs.
On August 1–8, our list of oil-weighted stocks fell 0.7%, while US crude oil September futures fell 1.1%. On average, our list of oil-weighted stocks outperformed US crude oil prices.
On August 8, US crude oil September futures fell 3.2% and closed at $66.94 per barrel—the lowest closing level for active US crude oil futures since June 21. Rising trade disputes between the US and China could be behind the fall in oil prices. In the last trading session, the S&P 500 Index was unchanged, while the Dow Jones Industrial Average Index fell 0.2%.
NEW YORK, NY / ACCESSWIRE / August 7, 2018 / Oasis Petroleum Inc. (NYSE: OAS ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 7, 2018 at 11:00 AM Eastern Time. ...
Oasis (OAS) delivered earnings and revenue surprises of 42.86% and 27.15%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The Houston-based company said it had a loss of $1.02 per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share. The results exceeded Wall Street expectations. The average estimate ...
HOUSTON , Aug. 6, 2018 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial results for the quarter ended June 30, 2018 and provided ...
Cactus is the IBD Stock Of The Day. The recent energy equipment IPO is nearing a buy point following strong earnings last week.
Yesterday, September US crude oil futures rose 1.9% and settled at $68.96 per barrel, while oil-weighted stocks Pioneer Natural Resources (PXD), Oasis Petroleum (OAS), and WPX Energy (WPX) rose 0.5%, 3.8%, and 6.8%, respectively. US crude oil prices were buoyed by a 1.3 MMbbl (million barrel) fall in US crude oil inventories at Cushing, Oklahoma. However, S&P Global Platts estimates that OPEC oil production rose 0.34 MMbpd (million barrels per day) month-over-month to 32.66 MMbpd in July, and that Saudi Arabian oil production rose to 10.63 MMbpd—the highest in almost two years. ...
Approximately 52% of analysts covering Hess (HES) recommend “hold,” ~43% recommend “buy,” and 5% rate it as “underperform.” Their average target price of $69.24 for Hess implies a ~6.72% return over the next 12 months. In comparison, analysts’ target prices for Continental Resources (CLR), Concho Resources (CXO), Oasis Petroleum (OAS), and Cimarex Energy (XEC) imply 19.58%, 22%, ~21.85%, and ~26.34% returns over the next 12 months, respectively.
Will Continental Resources Report Another Earnings Beat? Continental Resources (CLR) released the preliminary estimate for its second-quarter production on July 24. In 2018, Continental Resources’ production is expected to range between 285 Mboepd and 300 Mboepd.
Between July 18 and July 25, our list of oil-weighted stocks rose 2%, while US crude oil September futures rose 2.3%. Below are the oil-weighted stocks that have seen the largest increases in the last five trading sessions: EOG Resources (EOG) rose 3.9%. Oasis Petroleum (OAS) rose 3.7%. Pioneer Natural Resources Company (PXD) rose 3.5%.
On July 25, US crude oil September futures rose 1.1% and closed at $69.3 per barrel. On July 26 at 2:53 AM EDT, US crude oil futures rose $0.24.
Venezuela is OPEC’s eighth-largest crude oil producer. The U.S. Energy Information Administration estimates that Venezuela’s crude oil output decreased by 65,000 bpd (barrels per day) to 1,360,000 bpd in June—compared to the previous month. The production is near a 16-year low.
On July 20, short interest as a percentage of float in Oasis Petroleum (OAS) stock (its short interest ratio) was ~13.01%. In July 2017, Oasis Petroleum’s short interest ratio was 17.41%.
Oasis Petroleum (OAS) stock’s current implied volatility is ~ 50.22%, which is ~2.08% higher than its 15-day average of 49.19%. In comparison, the Energy Select Sector SPDR ETF’s (XLE) implied volatility is ~17.8%, ~2.49% lower than its 15-day average of $18.25.
Approximately 69% of the analysts surveying Oasis Petroleum (OAS) have rated it as a “buy,” and the remaining 31% have rated it as a “hold.” The average broker target price of $14.83 for Oasis Petroleum implies a return of ~22.76% over the next 12 months.
Of the analysts covering Whiting Petroleum (WLL) stock, 36.4% recommend “buy,” 45.5% recommend “hold,” and 12% have rated it as “underperform.” Their target price of $55.18 implies an 11.14% return over the next 12 months. In comparison, analysts’ target prices for Concho Resources (CXO), Anadarko Petroleum (APC), and Apache (APA) imply 26.54%, 19.47%, and ~7.69% returns over the next 12 months, respectively.
Oasis Petroleum’s (OAS) stock price has been rising consistently since it reported upbeat first-quarter earnings. The company’s first-quarter earnings and revenues were both higher on a year-over-year basis and were also higher than analysts’ expectations.
Whiting Petroleum’s (WLL) implied volatility is ~57.24%, 1.47% higher than its 15-day average of ~56.41%. In comparison, the Energy Select Sector SPDR ETF’s (XLE) implied volatility is ~17.8%,~2.49% lower than its 15-day average of 18.25%.
According to the EIA’s (U.S. Energy Information Administration) report on July 18, US crude oil inventories rose by ~5.8 MMbbls (million barrels) to ~411.1 MMbbls in the week that ended on July 13. The market had expected a fall of 3 MMbbls, according to S&P Global Platts.
HOUSTON , July 23, 2018 /PRNewswire/ -- Oasis Midstream Partners LP (NYSE: OMP) ("Oasis Midstream" or the "Partnership") plans to announce its Second Quarter 2018 financial and operational ...
HOUSTON , July 23, 2018 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") plans to announce its Second Quarter 2018 financial and operational results on Monday, ...
Yesterday, US crude oil’s implied volatility was 24.4%, 3.2% below its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the graph below. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 165%. Crude oil’s implied volatility has fallen ~67.5% since February 11, 2016.