Oasis Petroleum Inc. (NYSE:OAS) was the target of a significant drop in short interest in the month of December. As of December 29th, there was short interest totalling 26,992,463 shares, a drop of 20.6% from the December 15th total of 33,979,529 shares. Based on an average trading volume of 10,546,299 shares, the short-interest ratio is currently 2.6 days. Approximately 10.2% of the company’s stock are sold short.

A number of hedge funds have recently modified their holdings of OAS. Skylands Capital LLC acquired a new position in shares of Oasis Petroleum during the 4th quarter worth about $421,000. Public Employees Retirement System of Ohio increased its stake in shares of Oasis Petroleum by 14.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 226,542 shares of the energy producer’s stock worth $2,066,000 after purchasing an additional 28,625 shares during the last quarter. Wealthsource Partners LLC increased its stake in shares of Oasis Petroleum by 48.9% during the 3rd quarter. Wealthsource Partners LLC now owns 50,004 shares of the energy producer’s stock worth $456,000 after purchasing an additional 16,425 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Oasis Petroleum by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 551,500 shares of the energy producer’s stock worth $5,030,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Oasis Petroleum by 39.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 33,983 shares of the energy producer’s stock worth $310,000 after purchasing an additional 9,661 shares during the last quarter. Hedge funds and other institutional investors own 82.75% of the company’s stock.

A number of equities research analysts recently commented on the stock. KeyCorp restated an “overweight” rating on shares of Oasis Petroleum in a report on Wednesday, November 8th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price objective (up from $12.00) on shares of Oasis Petroleum in a report on Thursday, November 9th. Cowen restated a “buy” rating and set a $12.00 price objective on shares of Oasis Petroleum in a report on Friday, November 10th. Mizuho set a $11.00 price objective on shares of Oasis Petroleum and gave the stock a “hold” rating in a report on Saturday, November 25th. Finally, SunTrust Banks lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the stock. Oasis Petroleum has a consensus rating of “Hold” and an average price target of $12.55.

Shares of Oasis Petroleum (NYSE OAS) opened at $9.01 on Wednesday. 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 has a 52 week low of $6.69 and a 52 week high of $15.27. The stock has a market cap of $2,140.00, a price-to-earnings ratio of -34.65 and a beta of 2.33.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $304.70 million for the quarter, compared to analyst estimates of $264.72 million. During the same period in the previous year, the business earned ($0.19) EPS. The company’s revenue was up 71.9% compared to the same quarter last year. equities research analysts anticipate that Oasis Petroleum will post -0.06 earnings per share for the current fiscal year.

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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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