Oasis Petroleum Inc. (NASDAQ:OAS) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 142,600 shares, a decrease of 22.3% from the March 31st total of 183,500 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 242,800 shares, the short-interest ratio is currently 0.6 days.
OAS traded down $1.10 during trading on Tuesday, reaching $76.69. The stock had a trading volume of 670,894 shares, compared to its average volume of 240,800. The business has a 50-day moving average of $66.94 and a 200-day moving average of $45.89. Oasis Petroleum has a one year low of $20.00 and a one year high of $79.06.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 22nd. Stockholders of record on Monday, March 8th were paid a dividend of $0.375 per share. The ex-dividend date was Friday, March 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.96%.
Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Oasis Petroleum by 586.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,665,582 shares of the company’s stock worth $98,787,000 after buying an additional 2,277,027 shares during the period. Morgan Stanley raised its holdings in shares of Oasis Petroleum by 163.8% during the third quarter. Morgan Stanley now owns 2,407,590 shares of the company’s stock valued at $674,000 after acquiring an additional 1,494,899 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Oasis Petroleum during the fourth quarter valued at approximately $53,390,000. Western Asset Management Company LLC bought a new position in shares of Oasis Petroleum during the fourth quarter valued at approximately $39,599,000. Finally, AEGON USA Investment Management LLC bought a new position in shares of Oasis Petroleum during the fourth quarter valued at approximately $26,416,000.
OAS has been the topic of several recent research reports. Stifel Nicolaus assumed coverage on Oasis Petroleum in a research report on Friday, January 15th. They set a “buy” rating on the stock. Citigroup assumed coverage on shares of Oasis Petroleum in a report on Friday, January 15th. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Oasis Petroleum from a “hold” rating to a “strong sell” rating in a report on Friday, March 26th. Wells Fargo & Company cut shares of Oasis Petroleum from an “overweight” rating to an “underweight” rating in a report on Tuesday, March 9th. Finally, MKM Partners assumed coverage on shares of Oasis Petroleum in a report on Monday, March 29th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.06.
About Oasis Petroleum
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 United States. It operates through Exploration and Production(E&P), and Midstream segments. The E&P segment engages in the acquisition and development of oil and gas properties.
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