Oasis Petroleum Inc. (OAS) Position Reduced by National Planning Corp
National Planning Corp decreased its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 18.6% during the second quarter, Holdings Channel reports. The fund owned 25,750 shares of the energy producer’s stock after selling 5,875 shares during the period. National Planning Corp’s holdings in Oasis Petroleum were worth $219,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its stake in shares of 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 last quarter. Stephens Inc. AR increased its stake in shares of Oasis Petroleum by 13.8% in the first quarter. Stephens Inc. AR now owns 16,050 shares of the energy producer’s stock valued at $229,000 after buying an additional 1,950 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Oasis Petroleum during the first quarter valued at $242,000. Atria Investments LLC increased its stake in shares of Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock valued at $243,000 after buying an additional 700 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Oasis Petroleum by 2.9% in the first quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock valued at $251,000 after buying an additional 497 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.
Oasis Petroleum Inc. (NYSE OAS) opened at 7.34 on Thursday. The stock’s 50 day moving average price is $7.79 and its 200-day moving average price is $11.08. The stock’s market cap is $1.74 billion. Oasis Petroleum Inc. has a one year low of $6.90 and a one year high of $17.08.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The company’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. On average, analysts predict that Oasis Petroleum Inc. will post ($0.13) earnings per share for the current year.
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Several brokerages have weighed in on OAS. UBS AG raised Oasis Petroleum from a “neutral” rating to a “buy” rating and cut their target price for the company from $14.00 to $13.00 in a research note on Thursday, June 8th. ValuEngine downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Sunday. Royal Bank Of Canada set a $19.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research note on Thursday, June 8th. Finally, Bank of America Corporation downgraded 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 note on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $14.59.
In other news, Chairman Thomas B. Nusz sold 187,236 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the completion of the transaction, the chairman now owns 1,469,546 shares in the company, valued at approximately $13,960,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Taylor L. Reid sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 1,175,727 shares of the company’s stock, valued at approximately $9,194,185.14. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
About Oasis Petroleum
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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