Oasis Petroleum Inc. (NYSE:OAS) major shareholder Advisory Corp Spo sold 2,975,700 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total value of $34,399,092.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Oasis Petroleum Inc. (NYSE:OAS) opened at 11.32 on Monday. Oasis Petroleum Inc. has a 12 month low of $3.40 and a 12 month high of $13.72. The firm’s market capitalization is $2.04 billion. The firm’s 50-day moving average is $10.06 and its 200 day moving average is $9.28.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. Oasis Petroleum had a negative net margin of 17.91% and a negative return on equity of 1.22%. The firm earned $179 million during the quarter, compared to analyst estimates of $184.47 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. On average, equities research analysts anticipate that Oasis Petroleum Inc. will post ($0.62) EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock worth $101,000 after buying an additional 100 shares in the last quarter. Seven Eight Capital LLC bought a new stake in shares of Oasis Petroleum during the first quarter worth approximately $126,000. Advisory Services Network LLC raised its stake in shares of Oasis Petroleum by 10.5% in the second quarter. Advisory Services Network LLC now owns 13,700 shares of the company’s stock worth $128,000 after buying an additional 1,300 shares in the last quarter. Sanders Morris Harris Inc. raised its stake in shares of Oasis Petroleum by 50.0% in the second quarter. Sanders Morris Harris Inc. now owns 15,000 shares of the company’s stock worth $140,000 after buying an additional 5,000 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Oasis Petroleum during the second quarter worth approximately $143,000. Hedge funds and other institutional investors own 89.73% of the company’s stock.
A number of research firms have recently weighed in on OAS. Mizuho began coverage on Oasis Petroleum in a research note on Wednesday, October 5th. They issued a “buy” rating and a $15.00 price target on the stock. Zacks Investment Research raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, October 5th. Vetr downgraded Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 price target on the stock. in a research note on Monday, June 20th. Citigroup Inc. increased their price target on Oasis Petroleum from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Finally, Simmons reissued a “hold” rating on shares of Oasis Petroleum in a research note on Sunday, June 12th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Hold” and a consensus target price of $11.94.
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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