Oasis Petroleum (OAS) Shares Gap Up to $9.71
Shares of Oasis Petroleum Inc. (NYSE:OAS) gapped up prior to trading on Friday . The stock had previously closed at $9.49, but opened at $9.71. Oasis Petroleum shares last traded at $10.06, with a volume of 5634594 shares.
OAS has been the subject of several research analyst reports. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a report on Sunday, August 13th. BidaskClub lowered Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Royal Bank Of Canada set a $14.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. Jefferies Group set a $13.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $11.00 price target on shares of Oasis Petroleum in a report on Sunday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.90.
The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same period in the previous year, the business earned ($0.19) earnings per share. The business’s revenue was up 71.9% on a year-over-year basis. equities analysts expect that Oasis Petroleum Inc. will post -0.09 earnings per share for the current fiscal year.
In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares in the company, valued at $1,599,218.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Oasis Petroleum by 0.6% in the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock valued at $157,152,000 after acquiring an additional 125,706 shares in the last quarter. State Street Corp lifted its position in shares of Oasis Petroleum by 24.3% in the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after buying an additional 1,931,992 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Oasis Petroleum by 4.1% in the second quarter. Alliancebernstein L.P. now owns 6,855,946 shares of the energy producer’s stock worth $55,190,000 after buying an additional 270,140 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Oasis Petroleum by 10.0% in the third quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock worth $57,743,000 after buying an additional 576,272 shares in the last quarter. Finally, Caymus Capital Partners L.P. lifted its position in shares of Oasis Petroleum by 50.2% in the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after buying an additional 2,086,400 shares in the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.
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.
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