Trexquant Investment LP Invests $991,000 in Oasis Petroleum Inc. (NYSE:OAS)

Trexquant Investment LP bought a new stake in Oasis Petroleum Inc. (NYSE:OAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 123,145 shares of the energy producer’s stock, valued at approximately $991,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Oasis Petroleum by 20.6% in the first quarter. Bank of New York Mellon Corp now owns 3,022,943 shares of the energy producer’s stock valued at $43,108,000 after buying an additional 515,633 shares during the period. Henderson Group PLC boosted its position in Oasis Petroleum by 33.3% in the first quarter. Henderson Group PLC now owns 339,497 shares of the energy producer’s stock valued at $4,841,000 after buying an additional 84,727 shares during the period. Capital Fund Management S.A. bought a new position in Oasis Petroleum during the first quarter valued at $2,150,000. DekaBank Deutsche Girozentrale boosted its position in Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after buying an additional 1,526 shares during the period. Finally, Caymus Capital Partners L.P. boosted its position in Oasis Petroleum by 48.5% in the first quarter. Caymus Capital Partners L.P. now owns 4,153,200 shares of the energy producer’s stock valued at $59,225,000 after buying an additional 1,356,200 shares during the period. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Oasis Petroleum Inc. (NYSE:OAS) opened at 8.08 on Thursday. Oasis Petroleum Inc. has a 52 week low of $6.90 and a 52 week high of $17.08. The firm’s market capitalization is $1.92 billion. The company has a 50-day moving average of $7.79 and a 200-day moving average of $11.33.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The firm had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The business’s revenue was up 42.0% compared to the same quarter last year. On average, equities analysts forecast that Oasis Petroleum Inc. will post ($0.13) earnings per share for the current fiscal year.

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Several research analysts recently weighed in on the stock. Williams Capital restated a “hold” rating and issued a $15.00 price objective on shares of Oasis Petroleum in a research report on Tuesday, May 9th. BMO Capital Markets set a $18.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, May 8th. Bank of America Corporation cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $16.00 in a research report on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and issued a $17.00 price objective on shares of Oasis Petroleum in a research report on Wednesday, May 17th. Finally, SunTrust Banks, Inc. upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $16.00 to $17.00 in a research report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $14.54.

In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the sale, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the sale, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Oasis Petroleum Company Profile

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, Well Services, and Midstream Services.

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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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