Scepter Holdings Inc. Continues to Hold Holdings in Oasis Petroleum Inc. (OAS)
Scepter Holdings Inc. maintained its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the energy producer’s stock at the end of the second quarter. Oasis Petroleum accounts for about 1.8% of Scepter Holdings Inc.’s portfolio, making the stock its 5th largest holding. Scepter Holdings Inc. owned about 0.08% of Oasis Petroleum worth $1,610,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Federated Investors Inc. PA purchased a new position in shares of Oasis Petroleum in the 2nd quarter valued at approximately $121,000. Teacher Retirement System of Texas raised its position in shares of Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after purchasing an additional 1,100 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in shares of Oasis Petroleum in the 2nd quarter valued at approximately $161,000. Bellwether Investment Group LLC raised its position in shares of Oasis Petroleum by 7.7% in the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Oasis Petroleum in the 2nd quarter valued at approximately $167,000. 93.57% of the stock is owned by hedge funds and other institutional investors.
Oasis Petroleum Inc. (NYSE OAS) traded down 5.62% during midday trading on Friday, reaching $8.40. 11,351,700 shares of the company were exchanged. The company’s market capitalization is $1.99 billion. The company has a 50 day moving average of $8.05 and a 200-day moving average of $9.60. Oasis Petroleum Inc. has a 52-week low of $6.69 and a 52-week high of $17.08.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. Oasis Petroleum’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share. On average, equities research analysts anticipate that Oasis Petroleum Inc. will post ($0.16) earnings per share for the current fiscal year.
In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the transaction, the insider now owns 1,175,727 shares in the company, valued at $9,194,185.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the completion of the transaction, the vice president now owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Several equities analysts recently commented on OAS shares. Jefferies Group LLC set a $13.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Tuesday, August 29th. Bank of America Corporation started coverage on shares of Oasis Petroleum in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $9.00 price objective for the company. Citigroup Inc. decreased their price objective on shares of Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Oasis Petroleum in a research report on Sunday, September 3rd. Finally, Wolfe Research started coverage on shares of Oasis Petroleum in a research report on Thursday, June 15th. They issued a “market perform” rating and a $11.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Oasis Petroleum presently has a consensus rating of “Hold” and an average price target of $13.90.
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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