Oasis Petroleum Inc. (NYSE:OAS) persists its position slightly strong in context of buying side, while shares price moved down -1.46% during latest trading session.
Narrow down focus to other ratios, the co has current ratio of 0.60 that indicates if OAS lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 0.60, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.79, sometimes it remain same with long term debt to equity ratio.
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Oasis Midstream Partners LP Announces First Quarter 2021 Results, Increases Distribution and Updates 2021 Outlook
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HOUSTON, May 3, 2021 /PRNewswire/ Oasis Midstream Partners LP (NASDAQ: OMP) ( OMP or the Partnership ) today announced financial and operating results for the first quarter of 2021, declared its first quarter 2021 distribution and updated its 2021 outlook.
1Q21 Operational and Financial Highlights:
Acquired remaining interests in Bobcat DevCo and Beartooth DevCo from Oasis Petroleum and eliminated IDRs (the Simplification );
Completed private placement of $450.0MM in aggregate principal amount of 8.00% senior unsecured notes due 2029;
Recently signed multiple incremental third-party contracts and continue to work a robust pipeline of new opportunities in the Williston and Permian Basins;
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HOUSTON, May 3, 2021 /PRNewswire/ Oasis Petroleum Inc. (NASDAQ: OAS) ( Oasis or the Company ) today announced a strategic acquisition of Williston Basin assets, reported financial and operating results for the first quarter of 2021, declared its first quarter 2021 dividend, and updated its 2021 outlook to incorporate the acquisition, including an expected 33% increase to its future quarterly fixed dividend after the acquisition closes.
Williston Basin Acquisition
Oasis announced it has entered into a definitive agreement under which Oasis will acquire select Williston Basin assets from Diamondback Energy in a cash transaction valued at approximately $745MM, subject to customary purchase price adjustments. The consideration is expected to be financed through cash on hand (approximately $106MM as of March 31, 2021), revolver borrowings ($450MM elected commitment on $500MM borrowing base, none drawn as of March 31, 2021), and a $500MM fully