Oasis Petroleum Inc. (NYSE:OAS) major shareholder Advisory Corp Spo sold 2,975,700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $11.56, for a total transaction of $34,399,092.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Oasis Petroleum Inc. (NYSE:OAS) opened at 11.74 on Wednesday. The company’s 50 day moving average is $10.15 and its 200-day moving average is $9.36. Oasis Petroleum Inc. has a 52 week low of $3.40 and a 52 week high of $13.72. The company’s market capitalization is $2.12 billion.
Oasis Petroleum (NYSE:OAS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The business earned $179 million during the quarter, compared to analyst estimates of $184.47 million. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. Oasis Petroleum’s revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. On average, analysts expect that Oasis Petroleum Inc. will post ($0.62) EPS for the current fiscal year.
OAS has been the topic of several research analyst reports. Deutsche Bank AG raised their target price on shares of Oasis Petroleum from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, June 14th. Vetr cut shares of Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 target price on the stock. in a research report on Monday, June 20th. Ladenburg Thalmann upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, July 13th. Susquehanna upgraded shares of Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $11.00 price target on the stock in a report on Monday, August 1st. Finally, Jefferies Group restated a “buy” rating and issued a $13.00 price target on shares of Oasis Petroleum in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.94.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Oasis Petroleum during the fourth quarter worth approximately $10,013,000. Teachers Advisors Inc. raised its position in shares of Oasis Petroleum by 34.4% in the first quarter. Teachers Advisors Inc. now owns 294,246 shares of the company’s stock worth $2,142,000 after buying an additional 75,283 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Oasis Petroleum by 175.7% in the first quarter. Prudential Financial Inc. now owns 1,212,183 shares of the company’s stock worth $8,825,000 after buying an additional 772,460 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of Oasis Petroleum by 135.1% in the first quarter. Mckinley Capital Management LLC Delaware now owns 282,972 shares of the company’s stock worth $2,060,000 after buying an additional 162,612 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Oasis Petroleum by 24.8% in the first quarter. BlackRock Fund Advisors now owns 4,775,460 shares of the company’s stock worth $34,765,000 after buying an additional 949,589 shares during the last quarter. Institutional investors and hedge funds own 89.73% 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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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