Oasis Petroleum Inc. (OAS) Shares Bought by Moody Aldrich Partners LLC
Moody Aldrich Partners LLC grew its position in Oasis Petroleum Inc. (NYSE:OAS) by 138.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,544 shares of the energy producer’s stock after buying an additional 49,699 shares during the period. Moody Aldrich Partners LLC’s holdings in Oasis Petroleum were worth $780,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Oasis Petroleum by 90.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after purchasing an additional 2,732,234 shares during the period. Renaissance Technologies LLC acquired a new position in Oasis Petroleum in the 2nd quarter worth $17,572,000. GMT Capital Corp acquired a new position in Oasis Petroleum in the 3rd quarter worth $19,487,000. Caymus Capital Partners L.P. boosted its stake in Oasis Petroleum by 50.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after purchasing an additional 2,086,400 shares during the period. Finally, State Street Corp boosted its stake in Oasis Petroleum by 24.3% in the 2nd quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after purchasing an additional 1,931,992 shares during the period. 93.98% of the stock is owned by institutional investors.
Oasis Petroleum Inc. (NYSE OAS) traded up $0.13 during trading on Thursday, hitting $9.65. 9,057,600 shares of the stock were exchanged, compared to its average volume of 8,641,737. Oasis Petroleum Inc. has a one year low of $6.69 and a one year high of $17.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. During the same period in the prior year, the business posted ($0.19) EPS. The company’s quarterly revenue was up 71.9% on a year-over-year basis. sell-side analysts expect that Oasis Petroleum Inc. will post -0.1 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on OAS. KeyCorp reaffirmed an “overweight” rating on shares of Oasis Petroleum in a research note on Wednesday, November 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $13.00 target price (up from $12.00) on shares of Oasis Petroleum in a research note on Thursday, November 9th. Cowen reaffirmed a “buy” rating and issued a $12.00 target price on shares of Oasis Petroleum in a research note on Friday, November 10th. Mizuho set a $11.00 target price on shares of Oasis Petroleum and gave the stock a “hold” rating in a research note on Saturday, November 25th. Finally, Evercore ISI raised shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.32.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the transaction, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.
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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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