Oasis Petroleum Inc. (OAS) Shares Bought by American International Group Inc.
American International Group Inc. boosted its position in Oasis Petroleum Inc. (NYSE:OAS) by 37.9% during the first quarter, Holdings Channel reports. The fund owned 141,213 shares of the energy producer’s stock after buying an additional 38,825 shares during the period. American International Group Inc.’s holdings in Oasis Petroleum were worth $2,014,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its position in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock worth $348,000 after buying an additional 323 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Oasis Petroleum during the fourth quarter worth about $2,127,000. Norges Bank purchased a new position in Oasis Petroleum during the fourth quarter worth about $29,719,000. DekaBank Deutsche Girozentrale increased 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 worth $164,000 after buying an additional 1,526 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in Oasis Petroleum by 1.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,169,573 shares of the energy producer’s stock worth $47,987,000 after buying an additional 54,668 shares during the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.
Shares of Oasis Petroleum Inc. (NYSE:OAS) opened at 7.8398 on Tuesday. The firm’s market capitalization is $1.86 billion. The company’s 50-day moving average price is $10.60 and its 200 day moving average price is $13.26. Oasis Petroleum Inc. has a 12-month low of $6.56 and a 12-month high of $17.08.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $285.10 million for the quarter, compared to the consensus estimate of $252.72 million. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The business’s quarterly revenue was up 119.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.18) earnings per share. On average, equities analysts forecast that Oasis Petroleum Inc. will post ($0.08) earnings per share for the current year.
A number of research analysts recently issued reports on OAS shares. Williams Capital upgraded Oasis Petroleum from a “hold” rating to a “buy” rating in a report on Thursday, February 23rd. Credit Suisse Group reissued a “neutral” rating and set a $19.00 price target on shares of Oasis Petroleum in a research report on Friday, June 2nd. Guggenheim raised Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Thursday, March 16th. Royal Bank Of Canada set a $19.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research report on Thursday, June 8th. Finally, Canaccord Genuity set a $15.00 price target on Oasis Petroleum and gave the company a “hold” rating in a research report on Monday, February 27th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Buy” and a consensus target price of $15.63.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the sale, the chairman now owns 1,469,546 shares in the company, valued at $13,960,687. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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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