SPO Partners II, LP recently revealed that they own 9.9% of Oasis Petroleum Inc. (NYSE:OAS) in a Schedule 13G disclosure that was filed with the SEC on Thursday, October 6th. The investor owns 17,833,936 shares of the stock worth about $206,695,318. The reporting parties listed on the disclosure included SPO Partners II, LP, SPO Advisory Partners, LP, San Francisco Partners, LP, SF Advisory Partners, LP, SPO Advisory Corp, John H Scully, Eli J Weinberg, Ian R McGuire, Phoebe Snow Foundation, Inc and Scully Memorial Foundation. The disclosure is available through EDGAR at this link.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Oasis Petroleum by 2.0% in the second quarter. Vanguard Group Inc. now owns 12,745,058 shares of the company’s stock worth $119,038,000 after buying an additional 251,252 shares during the period. State Street Corp boosted its position in shares of Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock worth $56,536,000 after buying an additional 1,388,971 shares during the period. BlackRock Fund Advisors boosted its position in shares of Oasis Petroleum by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,792,923 shares of the company’s stock worth $44,766,000 after buying an additional 17,463 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Oasis Petroleum by 6.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,741,569 shares of the company’s stock worth $44,286,000 after buying an additional 292,813 shares during the period. Finally, Think Investments LP boosted its position in shares of Oasis Petroleum by 2.2% in the second quarter. Think Investments LP now owns 4,688,538 shares of the company’s stock worth $42,857,000 after buying an additional 100,000 shares during the period. 89.73% of the stock is currently owned by institutional investors and hedge funds.
Oasis Petroleum Inc. (NYSE:OAS) traded down 1.19% during trading on Thursday, hitting $11.59. 14,884,255 shares of the stock were exchanged. Oasis Petroleum Inc. has a one year low of $3.40 and a one year high of $14.15. The company’s market cap is $2.09 billion. The stock’s 50 day moving average is $9.98 and its 200-day moving average is $9.24.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The firm earned $179 million during the quarter, compared to the consensus estimate of $184.47 million. Oasis Petroleum had a negative net margin of 17.91% and a negative return on equity of 1.22%. The firm’s revenue was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts expect that Oasis Petroleum Inc. will post ($0.62) earnings per share for the current fiscal year.
A number of brokerages recently weighed in on OAS. Simmons restated a “hold” rating on shares of Oasis Petroleum in a report on Sunday, June 12th. Vetr cut shares of Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 price objective for the company. in a report on Monday, June 20th. Citigroup Inc. upgraded shares of Oasis Petroleum to a “strong-buy” rating and lifted their price objective for the company from $14.00 to $17.00 in a report on Friday, August 5th. Jefferies Group restated a “buy” rating and issued a $13.00 price objective on shares of Oasis Petroleum in a report on Thursday, August 4th. Finally, Piper Jaffray Cos. initiated coverage on shares of Oasis Petroleum in a report on Friday, June 10th. They issued a “neutral” rating and a $13.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.94.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 200,000 shares of Oasis Petroleum stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $8.92, for a total value of $1,784,000.00. Following the completion of the transaction, the chairman now owns 1,590,772 shares of the company’s stock, valued at $14,189,686.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Taylor L. Reid sold 25,000 shares of Oasis Petroleum stock in a transaction on Monday, September 26th. The stock was sold at an average price of $9.42, for a total transaction of $235,500.00. Following the completion of the transaction, the chief operating officer now directly owns 1,199,341 shares of the company’s stock, valued at approximately $11,297,792.22. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
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, 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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