OppenheimerFunds Inc. lifted its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 85.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,154 shares of the energy producer’s stock after buying an additional 45,654 shares during the quarter. OppenheimerFunds Inc.’s holdings in Oasis Petroleum were worth $1,286,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC lifted its holdings in shares of Oasis Petroleum by 6.8% during the second quarter. Piedmont Investment Advisors LLC now owns 73,286 shares of the energy producer’s stock worth $951,000 after buying an additional 4,680 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Oasis Petroleum by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 25,567 shares of the energy producer’s stock worth $334,000 after buying an additional 5,719 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Oasis Petroleum during the second quarter worth $734,000. Oakbrook Investments LLC acquired a new stake in shares of Oasis Petroleum during the second quarter worth $131,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Oasis Petroleum during the second quarter worth $150,000. 97.19% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on OAS. Morgan Stanley set a $18.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a report on Wednesday. Seaport Global Securities reissued a “buy” rating on shares of Oasis Petroleum in a report on Friday, September 7th. KLR Group reissued a “buy” rating and set a $18.00 target price on shares of Oasis Petroleum in a report on Monday, August 20th. SunTrust Banks set a $12.00 target price on Oasis Petroleum and gave the stock a “sell” rating in a report on Wednesday, August 8th. Finally, Stifel Nicolaus lifted their target price on Oasis Petroleum from $10.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. Oasis Petroleum has an average rating of “Hold” and an average target price of $14.20.
OAS stock opened at $13.52 on Thursday. The stock has a market capitalization of $4.34 billion, a P/E ratio of 676.00, a P/E/G ratio of 1.98 and a beta of 2.14. Oasis Petroleum Inc. has a 52 week low of $7.31 and a 52 week high of $14.19. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.51 and a quick ratio of 0.48.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Monday, August 6th. The energy producer reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The business had revenue of $501.30 million during the quarter, compared to the consensus estimate of $404.75 million. Oasis Petroleum had a positive return on equity of 2.53% and a negative net margin of 14.48%. Oasis Petroleum’s revenue for the quarter was up 97.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. sell-side analysts predict that Oasis Petroleum Inc. will post 0.46 earnings per share for the current fiscal year.
Oasis Petroleum Company Profile
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
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