Oasis Petroleum Inc. (OAS) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio lifted its holdings in shares of Oasis Petroleum Inc. (NYSE:OAS) by 14.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,542 shares of the energy producer’s stock after purchasing an additional 28,625 shares during the quarter. Public Employees Retirement System of Ohio owned 0.10% of Oasis Petroleum worth $2,066,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in OAS. Vanguard Group Inc. raised its position in Oasis Petroleum by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock valued at $157,152,000 after buying an additional 125,706 shares during the last quarter. State Street Corp raised its position 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 valued at $79,657,000 after buying an additional 1,931,992 shares during the last quarter. Alliancebernstein L.P. raised its position in Oasis Petroleum by 4.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,855,946 shares of the energy producer’s stock valued at $55,190,000 after buying an additional 270,140 shares during the last quarter. Bank of New York Mellon Corp raised its position in Oasis Petroleum by 10.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock valued at $57,743,000 after buying an additional 576,272 shares during the last quarter. Finally, Hermes Investment Management Ltd. raised its position in Oasis Petroleum by 11.5% in the 3rd quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock valued at $43,380,000 after buying an additional 490,057 shares during the last quarter. 82.75% of the stock is currently owned by institutional investors.
Oasis Petroleum Inc. (NYSE:OAS) opened at $8.41 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. The firm has a market capitalization of $1,980.00, a P/E ratio of -32.35 and a beta of 2.32. Oasis Petroleum Inc. has a one year low of $6.69 and a one year high of $16.42.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business’s revenue was up 71.9% compared to the same quarter last year. During the same period last year, the company earned ($0.19) earnings per share. equities research analysts predict that Oasis Petroleum Inc. will post -0.06 EPS for the current year.
A number of equities research analysts recently issued reports on OAS shares. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 target price (down previously from $10.50) on shares of Oasis Petroleum in a research report on Monday, September 25th. Piper Jaffray Companies reissued an “overweight” rating on shares of Oasis Petroleum in a research report on Tuesday, October 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 target price (up previously from $12.00) on shares of Oasis Petroleum in a research report on Thursday, November 9th. Morgan Stanley lifted their target price on Oasis Petroleum from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Jefferies Group reissued a “buy” rating and issued a $13.00 target price on shares of Oasis Petroleum in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.55.
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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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