Investment Centers of America Inc. raised its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 28.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Oasis Petroleum during the fourth quarter valued at $2,127,000. Comerica Bank boosted its stake in shares of Oasis Petroleum by 65.1% in the fourth quarter. Comerica Bank now owns 31,008 shares of the energy producer’s stock valued at $458,000 after buying an additional 12,228 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Oasis Petroleum by 37.0% in the fourth quarter. Van ECK Associates Corp now owns 34,210 shares of the energy producer’s stock valued at $518,000 after buying an additional 9,236 shares during the last quarter. TCW Group Inc. purchased a new stake in shares of Oasis Petroleum during the fourth quarter valued at approximately $215,000. Finally, Marshall Wace LLP purchased a new stake in shares of Oasis Petroleum during the fourth quarter valued at approximately $1,597,000. 98.38% of the stock is currently owned by institutional investors.
Oasis Petroleum Inc. (OAS) traded up 0.49% during trading on Monday, reaching $8.21. The company’s stock had a trading volume of 6,514,948 shares. The stock’s market cap is $1.95 billion. The firm has a 50 day moving average price of $10.71 and a 200-day moving average price of $13.31. Oasis Petroleum Inc. has a 52-week low of $6.56 and a 52-week high of $17.08.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The business had revenue of $285.10 million for the quarter, compared to the consensus estimate of $252.72 million. During the same period in the prior year, the business earned ($0.18) EPS. The firm’s revenue for the quarter was up 119.3% on a year-over-year basis. On average, analysts expect that Oasis Petroleum Inc. will post ($0.08) earnings per share for the current year.
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Several equities research analysts recently commented on OAS shares. Royal Bank Of Canada set a $17.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Saturday, February 25th. Williams Capital cut Oasis Petroleum from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. BidaskClub raised Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price target on shares of Oasis Petroleum in a research note on Wednesday, May 17th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $19.00 price target on shares of Oasis Petroleum in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.63.
In other news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the completion of the sale, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate 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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