Guinness Atkinson Asset Management Inc decreased its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 23.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 44,900 shares of the energy producer’s stock after selling 13,400 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Oasis Petroleum were worth $582,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Teza Capital Management LLC purchased a new stake in shares of Oasis Petroleum in the first quarter valued at $119,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Oasis Petroleum in the first quarter valued at $120,000. Oakbrook Investments LLC purchased a new stake in shares of Oasis Petroleum in the second quarter valued at $131,000. CIBC Asset Management Inc purchased a new stake in shares of Oasis Petroleum in the second quarter valued at $150,000. Finally, Element Capital Management LLC purchased a new stake in shares of Oasis Petroleum in the first quarter valued at $159,000. 97.21% of the stock is owned by institutional investors.

OAS has been the subject of a number of recent analyst reports. Morgan Stanley raised Oasis Petroleum from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $12.52 to $19.00 in a research report on Wednesday, May 23rd. Williams Capital reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Oasis Petroleum in a research report on Wednesday, May 23rd. JPMorgan Chase & Co. lifted their price objective on Oasis Petroleum from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, May 23rd. KeyCorp lifted their price objective on Oasis Petroleum from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, May 24th. Finally, ValuEngine raised Oasis Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.30.

Shares of Oasis Petroleum stock opened at $12.28 on Monday. Oasis Petroleum Inc. has a twelve month low of $7.31 and a twelve month high of $13.90. The firm has a market capitalization of $3.97 billion, a P/E ratio of 614.00, a PEG ratio of 1.83 and a beta of 2.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 0.51.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Monday, August 6th. The energy producer reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Oasis Petroleum had a positive return on equity of 2.53% and a negative net margin of 14.48%. The firm had revenue of $501.30 million for the quarter, compared to analysts’ expectations of $404.75 million. During the same quarter last year, the firm earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 97.3% compared to the same quarter last year. equities research analysts predict that Oasis Petroleum Inc. will post 0.45 EPS for the current year.

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 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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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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