Oasis Petroleum Inc (OLD) News and Headlines -
Skeptics say that looking at book value is a dumb way to pick stocks. I say the opposite.
The price-book ratio is a venerable stock picking tool that was first popularized by Benjamin Graham, who is widely considered the father of value investing.
To calculate the ratio, take the stock's price and divide it by the company's net worth per share, also known as book value. Graham liked to see this ratio below 1.0. Today, the average U.S. stock sells for 2.3 times book.
Critics maintain that book value is an unreliable number, for various reasons. The reason cited most
What do MetLife, Kelly Services, and Oasis Petroleum have in common?
Each is selling below book value.
Book value is a company’s net worth (assets minus liabilities), usually expressed as a figure per-share of stock outstanding. Buying stocks below book value is a classic bargain hunters’ strategy. Here are five below-book stocks that I like.
The largest U.S. company currently selling below book value is MetLife Inc. (MET), a big life insurance company. Its market value is about $45 billion. Its book value is about $52 billion, and annual revenue runs about $68 billion.
Investing the float – the
On the back of falling U.S. crude inventories and persisting political tension in the Middle East, oil rose to $70 per barrel for the first time since July on Wednesday.
According to CNBC, the price of U.S. crude has been fairly rangebound all summer, hovering between $65 and $75 per barrel. Gas prices, which have been around $2.85 per gallon since mid-June, are not expected to drastically drop heading into fall as the Trump administration’s impending sanctions on Iran are supporting prices.
According to the GuruFocus All-In-One Screener, the following energy stocks are popular among gurus.
HighPoint Resources Corp. (HPR) is held by five gurus
The company produces natural gas and natural gas liquids. It has a market cap of $1.24 billion and an enterprise value of $1.63 billion. Its revenue of $283.11 million has decreased 13.20% annually over a 10-year period.
The current stock price of $5.83 is 23.29% below its 52-week high and 119.17% above its 52-week low. Over the past 10 years, it has returned a 89% loss.
The company’s largest shareholder among the gurus is Jim
Thomas “T” Boone Pickens Jr. may have retired from running a pair of energy hedge funds, but the oil tycoon’s portfolio activity is showing few signs of slowing down.
BP Capital Fund Advisors LLC kicked off four positions in the last quarter of 2017. It favored stocks of independent upstream and midstream drillers and producers, and one buy in a company that provides sand for hydraulic fracturing.
Fourth-quarter disclosures show the investor bought over 75,000 shares of Continental Resources Inc. (CLR) for an average price of $43.80 per share.
The Oklahoma City-based Continental fills a space of
U.S. stocks opened in green territory ahead of the start of the Federal Reserve’s two-day meeting. The Federal Open Market Committee is expected to announce its third interest rate hike of the year tomorrow.
In Tuesday premarket trading, Oasis Petroleum Inc.Â (OAS) declined more than 6.5% after it announced Monday afternoon it is acquiring 20,300 net acres of the Delaware Basin for $946 million from Forge Energy. The deal is expected to close in February 2018.
- The Boeing Co. (BA)
- Comcast Corp. (CMCSA)
- Coty Inc. (COTY)
- Seagate Technology PLC (STX)
- Iron Mountain
John Burbank (Trades, Portfolio) is the founder of Passport Capital LLC, a global investment firm headquartered in San Francisco. During the first six months of the year, the fund had a negative performance of -7.6%. In the third quarter, the investor sold shares of the following stocks.
Burbank'sÂ Parsley Energy Inc. (PE) stake was reduced by 46.63%, impacting the portfolio by -4.15%.
The oil and natural gas producer has a market cap of $7.92 billion and an enterprise value of $10.42 billion.
GuruFocus gives the company a profitability and growth rating of
According to the GuruFocus All-In-One Screener, the following companies in the energy sector have positions in gurus' portfolios.
Ten gurus are invested inÂ Encana Corp. (ECA).Â
The oil and gas producer has a market cap of $11.21 billion and enterprise value of $15.6 billion. The stock price of $11.52 is 16.82% below its 52-week high and 43.82% above its 52-week low. Over the past 10 years, it has returned a loss of 66%.
Encana’s revenue of $4.18 million decreased 15.40% annually over the past 10 years.
Schneider Capital Management founder Arnold Schneider (Trades, Portfolio) established eight positions during the first quarter. Half of his purchases were energy stocks – Oasis Petroleum Inc. (OAS), Now Inc. (DNOW), QEP Resources Inc. (QEP) and SandRidge Energy Inc. (SD).
As he believes disciplined value investing produces the best success over time, Schneider depends on research that identifies undervalued stocks with the potential for positive change. His current portfolio is composed of 62 stocks and is valued at $599 million. Energy stocks have the heaviest weighting in his portfolio at 38.3%.
Having previously sold out of Oasis in
In less than two weeks GuruFocus will announce the winners for 2016 Portfolio Contest. The 2017 Contest is now open and you are invited to participate for Free and the winner will be awarded cash of up to $1,000. The deadline to participate this contest is Jan. 31, 2017.
You can see the detailed ruls for the contest here.
The winner will be rewarded for up to $1000 in cash.
You can see the current ranks of the contest portfolios here.
We will announce the winners based on the market close prices
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Diplomat Pharmacy Inc., PMC-Sierra Inc., Oasis Petroleum Inc., Starbucks Corp.
Diplomat Pharmacy Inc. (DPLO): Chairman, CEO and 10% owner Philip R. Hagerman sold 2,300,000 shares
Hagerman sold 2,300,000 shares on Dec. 7 at an average price of $33.6 per share. Diplomat Pharmacy was founded in 1975. The Company is a specialty pharmacy company engaged in improving the lives of patients with complex chronic diseases. Diplomat Pharmacy has a market cap of $2.03 billion; its shares were traded at around $31.47 with a P/E ratio
Health care stocks are the most heavily weighted stocks in [url=http://www.gurufocus.com/StockBuy.php?GuruName=Kyle+Bass]Kyle Bass[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Kyle+Bass]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Kyle+Bass]Portfolio[/url])’ portfolio so it is no surprise that health care-related stocks would hold prominent positions in his third-quarter transactions.
Bass’ most significant third-quarter transaction was the sale of his 836,593-share stake in Perrigo Co. PLC (PRGO), a pharmaceutical company with offices in Dublin and Allegan, Mich., for an average price of $183.44 per share. The deal had a -18.25% impact on Bass’ portfolio.
Perrigo has a market cap of $22.03 billion and an enterprise value of $26.88 billion. It has a P/E of 151.2, a forward P/E
Jeremy Grantham (Trades, Portfolio) is the chairman of the board of Grantham Mayo Van Otterloo, a Boston-based asset management firm whose portfolio is composed of 570 stocks, and the following are a few of his holdings that are trading with a very wide margin of safety, according to the Peter Lynch earnings line.
Atwood Oceanics Inc. (ATW) is trading at about $15 per share while the Peter Lynch earnings line gives the stock a fair price of $95.3, giving it a margin of safety of 83%.
The stock is trading with a PE of 2.48 and
Mairs & Power is a small firm whose strength and success has resulted from applying a conservative growth investment approach consistently for over 70 years. Both the Growth and Balanced Funds are built on a foundation of selected quality growth stocks purchased at what management considers to be reasonable valuation levels. When these securities are purchased, the intention is to hold these issues for relatively long periods of time to maximize tax-efficiency and allow the power of compounding to build wealth for its shareholders. However, sales are made on occasion in response to such factors as changing fundamentals, investment strategy
John Paulson (Trades, Portfolio) is the President and Portfolio Manager of Paulson & Co. Inc, a $19,362 million hedge fund composed of 63 stocks and a quarter to quarter turnover of 11%. The following are the five stocks in the portfolio trading at a low P/E ratio.
Oasis Petroleum Inc (OAS)
The stock is currently trading at 3.30 of P/E. This ratio is ranked higher than 96% of other companies in the Global Oil & Gas E&P.
During the last 12 months, the price dropped by 62%
Get ready for the bounce in oil stocks!
OPEC Oil versus Shale Oil – The Price War Continues
The turbulence in the global energy sector – oil and gas – has wrought havoc on oil stocks the world over. OPEC countries spearheaded by Saudi Arabia and the United Arab Emirates are determined to stay the course and continue supplying oil to the world at current volumes, refusing to relinquish market share in the process. They believe that the markets will find equilibrium on their own, and they are fully prepared to continue selling oil even if the price drops to
Oasis Petroleum (OAS) (oil exploration and production) was the worst performing stock for the year. While the company was able to earn phenomenal returns on wells drilled in North Dakota’s Bakken at $100+/barrel oil prices, the economics significantly degrade when oil is less than $50 a barrel.
Investors could be forgiven if they looked back on 2014 as a year of mixed signals. Concerns about slowing growth in China, a possible recession across Europe and increasing tensions with Russia over their aggressive moves against Ukraine all contributed to market uncertainty. On the other hand, earnings continued to exceed expectations and the rapid decline in energy prices put a tailwind behind the U.S. economy, rewarding investors with the sixth year in a row of positive returns and the longest run since the bull market of the 1990s.
With crude oil down more than 40 percent for 2014 (and
The Â All-In-One Guru Screener,Â can be used to find the most insider buys over the past week by clicking on the insiders tab and changing the settings for All Insider Buying to "1,000,000+ shares at $5,000,000" and Duration to "over the past 7 days."
10% Owners, Ramsey Neil P. and d.Quant Special Opportunities, purchased 6,670,856 shares of HTWO combined, which totaled $70,044,000. Since then, the price declined by 10%.
The Bakken Shale is one of the largest oil developments in the U.S. The play has been able to increase the oil production by about four times in North Dakota. According to the U.S. Geological Survey, Bakken has the potential of producing 4.3 billion barrel of Oil whereas Continental resources estimate the production as high as 40 billion barrels.
Latest monthly update by EIA also estimates 1 million barrels of crude oil per day for the next month in the North Dakota region. This can potentially be achieved by long term drilling efficiency gains.It would be interesting to