James Investment Research Inc. Has $2.31 Million Holdings in Oasis Petroleum Inc. (OAS)

James Investment Research Inc. lowered its position in Oasis Petroleum Inc. (NYSE:OAS) by 5.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 162,675 shares of the energy producer’s stock after selling 9,950 shares during the period. James Investment Research Inc. owned about 0.05% of Oasis Petroleum worth $2,307,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Federated Investors Inc. PA purchased a new stake in shares of Oasis Petroleum during the second quarter worth about $7,013,000. Canada Pension Plan Investment Board increased its stake in shares of Oasis Petroleum by 64.1% during the second quarter. Canada Pension Plan Investment Board now owns 269,842 shares of the energy producer’s stock worth $3,500,000 after purchasing an additional 105,400 shares in the last quarter. Strs Ohio purchased a new stake in shares of Oasis Petroleum during the second quarter worth about $334,000. Renaissance Technologies LLC increased its stake in shares of Oasis Petroleum by 20.8% during the second quarter. Renaissance Technologies LLC now owns 1,777,400 shares of the energy producer’s stock worth $23,053,000 after purchasing an additional 305,600 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Oasis Petroleum during the second quarter worth about $933,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Oasis Petroleum stock opened at $9.69 on Tuesday. Oasis Petroleum Inc. has a 1-year low of $7.31 and a 1-year high of $14.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.51 and a quick ratio of 0.48. The company has a market capitalization of $3.24 billion, a PE ratio of 484.50, a PEG ratio of 1.43 and a beta of 2.03.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Monday, August 6th. The energy producer reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. Oasis Petroleum had a negative net margin of 14.48% and a positive return on equity of 2.53%. The business had revenue of $501.30 million during the quarter, compared to analysts’ expectations of $404.75 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The business’s revenue for the quarter was up 97.3% on a year-over-year basis. As a group, equities analysts forecast that Oasis Petroleum Inc. will post 0.48 earnings per share for the current fiscal year.

A number of research firms have recently commented on OAS. Ifs Securities began coverage on shares of Oasis Petroleum in a research note on Monday. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, October 24th. Wolfe Research raised shares of Oasis Petroleum from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Jefferies Financial Group raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Monday, October 15th. Finally, Oppenheimer started coverage on shares of Oasis Petroleum in a research note on Wednesday, October 3rd. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.37.

Oasis Petroleum Profile

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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