Baker Avenue Asset Management LP increased its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 9.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,000 shares of the energy producer’s stock after buying an additional 5,000 shares during the period. Baker Avenue Asset Management LP’s holdings in Oasis Petroleum were worth $813,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of OAS. Investment Centers of America Inc. raised its position in Oasis Petroleum by 28.7% in the first quarter. Investment Centers of America Inc. now owns 23,278 shares of the energy producer’s stock worth $329,000 after buying an additional 5,186 shares in the last quarter. Highbridge Capital Management LLC raised its position in Oasis Petroleum by 100.6% in the first quarter. Highbridge Capital Management LLC now owns 20,462 shares of the energy producer’s stock worth $292,000 after buying an additional 10,262 shares in the last quarter. Nomura Holdings Inc. bought a new position in Oasis Petroleum during the first quarter worth $1,744,000. State Street Corp raised its position in Oasis Petroleum by 2.4% in the first quarter. State Street Corp now owns 7,963,283 shares of the energy producer’s stock worth $113,555,000 after buying an additional 183,380 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Oasis Petroleum during the first quarter worth $296,000. Institutional investors own 98.38% of the company’s stock.
Shares of Oasis Petroleum Inc. (NYSE:OAS) traded down 0.73% during trading on Tuesday, hitting $8.15. The stock had a trading volume of 9,726,471 shares. The firm’s market capitalization is $1.94 billion. Oasis Petroleum Inc. has a 1-year low of $6.56 and a 1-year high of $17.08. The stock’s 50-day moving average price is $10.60 and its 200 day moving average price is $13.26.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, May 8th. The energy producer reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The company had revenue of $285.10 million for the quarter, compared to analysts’ expectations of $252.72 million. During the same period last year, the firm earned ($0.18) EPS. Oasis Petroleum’s revenue for the quarter was up 119.3% compared to the same quarter last year. On average, analysts anticipate that Oasis Petroleum Inc. will post ($0.08) earnings per share for the current year.
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A number of research firms have recently weighed in on OAS. Wolfe Research began coverage on Oasis Petroleum in a report on Thursday, June 15th. They issued a “market perform” rating and a $11.00 target price on the stock. BidaskClub upgraded Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Royal Bank Of Canada set a $19.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, June 8th. Credit Suisse Group restated a “neutral” rating and issued a $19.00 target price on shares of Oasis Petroleum in a report on Friday, June 2nd. Finally, ValuEngine lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $15.63.
In related news, Chairman Thomas B. Nusz sold 187,236 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the transaction, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.
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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