29,000 Shares in Oasis Petroleum Inc. (NYSE:OAS) Acquired by Palisade Capital Management LLC NJ
Palisade Capital Management LLC NJ bought a new stake in Oasis Petroleum Inc. (NYSE:OAS) during the second quarter, Holdings Channel reports. The fund bought 29,000 shares of the energy producer’s stock, valued at approximately $233,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caymus Capital Partners L.P. boosted its position in Oasis Petroleum by 48.5% in the first quarter. Caymus Capital Partners L.P. now owns 4,153,200 shares of the energy producer’s stock valued at $59,225,000 after buying an additional 1,356,200 shares during the period. William Blair Investment Management LLC purchased a new position in Oasis Petroleum during the first quarter valued at approximately $18,545,000. Bank of Montreal Can boosted its position in Oasis Petroleum by 110.7% in the first quarter. Bank of Montreal Can now owns 2,332,894 shares of the energy producer’s stock valued at $33,267,000 after buying an additional 1,225,628 shares during the period. Alliancebernstein L.P. boosted its position in Oasis Petroleum by 21.4% in the first quarter. Alliancebernstein L.P. now owns 6,585,806 shares of the energy producer’s stock valued at $93,914,000 after buying an additional 1,161,691 shares during the period. Finally, Schneider Capital Management Corp purchased a new position in Oasis Petroleum during the first quarter valued at approximately $14,927,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.
Shares of Oasis Petroleum Inc. (NYSE OAS) opened at 8.08 on Thursday. Oasis Petroleum Inc. has a 52-week low of $6.90 and a 52-week high of $17.08. The firm has a 50-day moving average of $7.79 and a 200 day moving average of $11.33. The firm’s market capitalization is $1.92 billion.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The firm had revenue of $254.10 million for the quarter, compared to the consensus estimate of $255.41 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Analysts predict that Oasis Petroleum Inc. will post ($0.13) EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/29000-shares-in-oasis-petroleum-inc-nyseoas-acquired-by-palisade-capital-management-llc-nj/1468615.html.
Several research analysts have recently issued reports on OAS shares. ValuEngine cut shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Cowen and Company set a $14.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price objective on shares of Oasis Petroleum in a report on Thursday, July 20th. Zacks Investment Research cut shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Williams Capital reiterated a “hold” rating and issued a $15.00 price objective on shares of Oasis Petroleum in a report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Oasis Petroleum presently has an average rating of “Buy” and an average target price of $14.54.
In related news, insider Taylor L. Reid sold 50,000 shares of the company’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 transaction, the insider now directly owns 1,175,727 shares in the company, valued at $9,194,185.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the transaction, the chairman now owns 1,469,546 shares in the company, valued at $13,960,687. The disclosure for this sale can be found here. 1.90% of the stock is owned by 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.
Want to see what other hedge funds are holding OAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oasis Petroleum Inc. (NYSE:OAS).
Receive News & Ratings for Oasis Petroleum Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.