Investment Centers of America Inc. boosted its stake in Oasis Petroleum Inc. (NYSE:OAS) by 28.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 23,278 shares of the energy producer’s stock after buying an additional 5,186 shares during the period. Investment Centers of America Inc.’s holdings in Oasis Petroleum were worth $329,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Paulson & CO. Inc. acquired a new stake in Oasis Petroleum during the fourth quarter valued at $78,536,000. Norges Bank purchased a new stake in shares of Oasis Petroleum during the fourth quarter worth approximately $29,719,000. Caymus Capital Partners L.P. raised its stake in shares of Oasis Petroleum by 48.5% in the first quarter. Caymus Capital Partners L.P. now owns 4,153,200 shares of the energy producer’s stock worth $59,225,000 after buying an additional 1,356,200 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Oasis Petroleum during the first quarter worth approximately $18,545,000. Finally, Bank of Montreal Can raised its stake in shares of Oasis Petroleum by 110.7% in the first quarter. Bank of Montreal Can now owns 2,332,894 shares of the energy producer’s stock worth $33,267,000 after buying an additional 1,225,628 shares during the last quarter. 98.38% of the stock is currently owned by institutional investors.
Oasis Petroleum Inc. (NYSE:OAS) traded down 3.37% during midday trading on Friday, reaching $7.46. The company’s stock had a trading volume of 10,024,478 shares. The stock’s 50 day moving average price is $9.70 and its 200-day moving average price is $12.86. The stock’s market cap is $1.77 billion. Oasis Petroleum Inc. has a one year low of $6.56 and a one year high of $17.08.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. Oasis Petroleum had a negative net margin of 18.00% and a negative return on equity of 2.88%. The company had revenue of $285.10 million for the quarter, compared to the consensus estimate of $252.72 million. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. The company’s revenue for the quarter was up 119.3% compared to the same quarter last year. On average, analysts forecast that Oasis Petroleum Inc. will post ($0.09) EPS for the current fiscal year.
A number of brokerages have weighed in on OAS. Williams Capital downgraded Oasis Petroleum from a “buy” rating to a “hold” rating in a report on Monday, April 24th. BidaskClub raised Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Oasis Petroleum in a research report on Wednesday, May 17th. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $19.00 target price on shares of Oasis Petroleum in a research note on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $15.23.
In other news, Chairman Thomas B. Nusz sold 187,236 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $9.50, for a total value of $1,778,742.00. Following the completion of the transaction, the chairman now 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 SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.
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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