Janus Henderson Group PLC lifted its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 63.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,846 shares of the energy producer’s stock after acquiring an additional 140,810 shares during the quarter. Janus Henderson Group PLC owned 0.15% of Oasis Petroleum worth $3,318,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Westpac Banking Corp lifted its stake in Oasis Petroleum by 16.1% in the 2nd quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock worth $3,723,000 after purchasing an additional 64,023 shares in the last quarter. Hermes Investment Management Ltd. lifted its stake in Oasis Petroleum by 11.5% in the 3rd quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock worth $43,380,000 after purchasing an additional 490,057 shares in the last quarter. Piermont Capital Management Inc. purchased a new position in Oasis Petroleum in the 2nd quarter worth approximately $1,728,000. Kennedy Capital Management Inc. lifted its stake in Oasis Petroleum by 108.8% in the 2nd quarter. Kennedy Capital Management Inc. now owns 1,248,497 shares of the energy producer’s stock worth $10,050,000 after purchasing an additional 650,474 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Oasis Petroleum by 21.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,545,556 shares of the energy producer’s stock worth $14,096,000 after purchasing an additional 269,152 shares in the last quarter. 82.75% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. KeyCorp reissued an “overweight” rating on shares of Oasis Petroleum in a research note on Wednesday, November 8th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price target (up previously from $12.00) on shares of Oasis Petroleum in a report on Thursday, November 9th. Cowen restated a “buy” rating and set a $12.00 price target on shares of Oasis Petroleum in a report on Friday, November 10th. Mizuho set a $11.00 price target on shares of Oasis Petroleum and gave the stock a “hold” rating in a report on Saturday, November 25th. Finally, SunTrust Banks downgraded shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Hold” and an average target price of $12.55.
Oasis Petroleum Inc. (OAS) opened at $9.27 on Friday. 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 Inc. has a 1 year low of $6.69 and a 1 year high of $15.77. The company has a market cap of $2,200.00, a P/E ratio of -35.65 and a beta of 2.33.
Oasis Petroleum (NYSE:OAS) last issued its quarterly 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. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. During the same quarter last year, the company posted ($0.19) EPS. The firm’s revenue was up 71.9% compared to the same quarter last year. equities research analysts forecast that Oasis Petroleum Inc. will post -0.06 earnings per share for the current fiscal year.
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About Oasis Petroleum
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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