Teachers Retirement System of The State of Kentucky increased its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 13.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 686,158 shares of the energy producer’s stock after buying an additional 81,632 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Oasis Petroleum were worth $9,785,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Creative Planning raised its stake in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock worth $348,000 after buying an additional 323 shares during the period. Russell Investments Group Ltd. bought a new stake in Oasis Petroleum during the fourth quarter worth about $2,127,000. Norges Bank bought a new stake in Oasis Petroleum during the fourth quarter worth about $29,719,000. DekaBank Deutsche Girozentrale raised its stake in Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Oasis Petroleum by 1.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,169,573 shares of the energy producer’s stock worth $47,987,000 after buying an additional 54,668 shares during the period. Institutional investors and hedge funds own 98.38% of the company’s stock.
Oasis Petroleum Inc. (OAS) traded up 1.871% during mid-day trading on Monday, reaching $7.895. The company had a trading volume of 1,912,922 shares. The company’s 50 day moving average is $10.50 and its 200 day moving average is $13.21. The stock’s market capitalization is $1.87 billion. Oasis Petroleum Inc. has a 52-week low of $6.56 and a 52-week high of $17.08.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $285.10 million for the quarter, compared to the consensus estimate of $252.72 million. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The company’s quarterly revenue was up 119.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.18) earnings per share. Equities analysts predict that Oasis Petroleum Inc. will post ($0.08) earnings per share for the current year.
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A number of brokerages recently commented on OAS. Credit Suisse Group reissued a “neutral” rating and issued a $19.00 price target on shares of Oasis Petroleum in a report on Friday, June 2nd. Royal Bank Of Canada set a $19.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, June 8th. Guggenheim raised Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, March 16th. Canaccord Genuity set a $15.00 price target on Oasis Petroleum and gave the company a “hold” rating in a report on Monday, February 27th. Finally, BidaskClub raised Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $15.47.
In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the sale, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by 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, Well Services, and Midstream Services.
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