California Public Employees Retirement System lifted its holdings in Oasis Petroleum Inc. (NYSE:OAS) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,500 shares of the energy producer’s stock after buying an additional 6,900 shares during the quarter. California Public Employees Retirement System owned 0.23% of Oasis Petroleum worth $5,030,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in Oasis Petroleum during the second quarter worth $17,572,000. GMT Capital Corp purchased a new stake in Oasis Petroleum during the third quarter worth $19,487,000. State Street Corp boosted its position in Oasis Petroleum by 24.3% during the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after purchasing an additional 1,931,992 shares in the last quarter. Victory Capital Management Inc. boosted its position in Oasis Petroleum by 70.3% during the third quarter. Victory Capital Management Inc. now owns 3,248,238 shares of the energy producer’s stock worth $29,624,000 after purchasing an additional 1,340,371 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Oasis Petroleum during the third quarter worth $10,935,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.
OAS has been the topic of a number of research analyst reports. BMO Capital Markets set a $11.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Evercore ISI upgraded Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research report on Friday, November 3rd. KeyCorp reiterated an “overweight” rating on shares of Oasis Petroleum in a research report on Wednesday, November 8th. Morgan Stanley decreased their target price on Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Finally, Cowen reiterated a “buy” rating and set a $12.00 target price on shares of Oasis Petroleum in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Hold” and an average target price of $12.55.
Oasis Petroleum Inc. (OAS) opened at $8.71 on Monday. Oasis Petroleum Inc. has a 1-year low of $6.69 and a 1-year high of $16.00. The firm has a market capitalization of $2,070.00, a price-to-earnings ratio of -33.50 and a beta of 2.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business’s quarterly revenue was up 71.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) earnings per share. equities research analysts anticipate that Oasis Petroleum Inc. will post -0.06 EPS for the current year.
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Oasis Petroleum 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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