Oasis Petroleum Inc. (OAS) Shares Bought by Advisory Services Network LLC
Advisory Services Network LLC boosted its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 10.5% during the second quarter, Holdings Channel reports. The fund owned 13,700 shares of the company’s stock after buying an additional 1,300 shares during the period. Advisory Services Network LLC’s holdings in Oasis Petroleum were worth $128,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sanders Morris Harris Inc. raised its position 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 during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Oasis Petroleum by 949.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,993 shares of the company’s stock worth $149,000 after buying an additional 14,469 shares during the last quarter. Atria Investments LLC purchased a new position in shares of Oasis Petroleum during the second quarter worth $143,000. Seven Eight Capital LLC purchased a new position in shares of Oasis Petroleum during the first quarter worth $126,000. Finally, Creative Planning raised its position in shares of Oasis Petroleum by 5.3% in the second quarter. Creative Planning now owns 23,758 shares of the company’s stock worth $222,000 after buying an additional 1,187 shares during the last quarter. Institutional investors own 89.73% of the company’s stock.
Oasis Petroleum Inc. (NYSE:OAS) traded up 0.51% on Tuesday, reaching $11.74. The company’s stock had a trading volume of 9,523,635 shares. The company’s market capitalization is $2.12 billion. Oasis Petroleum Inc. has a 52 week low of $3.40 and a 52 week high of $13.72. The firm’s 50 day moving average price is $10.10 and its 200-day moving average price is $9.34.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The company 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 prior year, the firm posted $0.38 earnings per share. On average, equities analysts predict that Oasis Petroleum Inc. will post ($0.62) EPS for the current year.
A number of analysts have issued reports on OAS shares. Morgan Stanley reaffirmed a “hold” rating and issued a $12.00 target price on shares of Oasis Petroleum in a research note on Friday, August 5th. Vetr downgraded Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 price objective for the company. in a research report on Monday, June 20th. Nomura reissued a “hold” rating and set a $17.00 price objective on shares of Oasis Petroleum in a research report on Monday, September 26th. Mizuho assumed coverage on Oasis Petroleum in a research report on Wednesday, October 5th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Citigroup Inc. raised their price objective on Oasis Petroleum from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.94.
In other news, 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 completion of the sale, the chairman now owns 1,590,772 shares in the company, valued at $14,189,686.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Advisory Corp Spo sold 2,975,700 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total value of $34,399,092.00. The disclosure for this sale can be found here. Company insiders own 2.50% 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, 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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