OAS has been the subject of several other reports. Susquehanna upgraded Oasis Petroleum from a neutral rating to a positive rating and set a $11.00 price target for the company in a report on Monday, August 1st. Vetr lowered Oasis Petroleum from a strong-buy rating to a buy rating and set a $11.75 target price for the company. in a report on Monday, June 27th. Seaport Global Securities lowered Oasis Petroleum from a buy rating to a neutral rating and set a $10.00 target price for the company. in a report on Tuesday, June 7th. BMO Capital Markets set a $10.00 target price on Oasis Petroleum and gave the stock a hold rating in a report on Wednesday, September 14th. Finally, Canaccord Genuity set a $9.50 target price on Oasis Petroleum and gave the stock a hold rating in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $11.94.
Oasis Petroleum (NYSE:OAS) traded down 0.60% during mid-day trading on Wednesday, reaching $11.66. 6,491,859 shares of the company traded hands. Oasis Petroleum has a 52-week low of $3.40 and a 52-week high of $14.15. The stock’s market capitalization is $2.10 billion. The firm’s 50-day moving average is $9.98 and its 200 day moving average is $9.24.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The business earned $179 million during the quarter, compared to analyst estimates of $184.47 million. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The firm’s revenue was down 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, equities research analysts expect that Oasis Petroleum will post ($0.62) earnings per share for the current year.
In related news, COO Taylor L. Reid sold 25,000 shares of the stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $9.42, for a total transaction of $235,500.00. Following the completion of the transaction, the chief operating officer now directly owns 1,199,341 shares in the company, valued at $11,297,792.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Thomas B. Nusz sold 200,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total value of $1,784,000.00. Following the transaction, the chairman now owns 1,590,772 shares of the company’s stock, valued at $14,189,686.24. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of OAS. Vanguard Group Inc. increased its position in Oasis Petroleum by 2.0% in the second quarter. Vanguard Group Inc. now owns 12,745,058 shares of the company’s stock worth $119,038,000 after buying an additional 251,252 shares during the last quarter. State Street Corp increased its position in Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock worth $56,536,000 after buying an additional 1,388,971 shares during the last quarter. BlackRock Fund Advisors increased its position in Oasis Petroleum by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,792,923 shares of the company’s stock worth $44,766,000 after buying an additional 17,463 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Oasis Petroleum by 6.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,741,569 shares of the company’s stock worth $44,286,000 after buying an additional 292,813 shares during the last quarter. Finally, Think Investments LP increased its position in Oasis Petroleum by 2.2% in the second quarter. Think Investments LP now owns 4,688,538 shares of the company’s stock worth $42,857,000 after buying an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 89.73% of the company’s stock.
About Oasis Petroleum
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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