Arrowstreet Capital Limited Partnership acquired a new position in shares of Oasis Petroleum Inc. (NYSE:OAS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,500 shares of the energy producer’s stock, valued at approximately $257,000.
Several other large investors have also made changes to their positions in the company. Nationwide Fund Advisors raised its stake in Oasis Petroleum by 3.9% during the 3rd quarter. Nationwide Fund Advisors now owns 174,118 shares of the energy producer’s stock worth $1,588,000 after buying an additional 6,563 shares during the period. Sei Investments Co. increased its holdings in Oasis Petroleum by 16,797.3% during the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock worth $174,000 after purchasing an additional 18,981 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Oasis Petroleum by 9.3% during the 3rd quarter. New York State Common Retirement Fund now owns 789,372 shares of the energy producer’s stock worth $7,199,000 after purchasing an additional 67,248 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Oasis Petroleum during the 3rd quarter worth approximately $142,000. Finally, Rhumbline Advisers increased its holdings in Oasis Petroleum by 2.7% during the 3rd quarter. Rhumbline Advisers now owns 366,534 shares of the energy producer’s stock worth $3,343,000 after purchasing an additional 9,515 shares in the last quarter. 89.13% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on OAS shares. Seaport Global Securities raised Oasis Petroleum from a “neutral” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus set a $11.00 price objective on Oasis Petroleum and gave the company a “hold” rating in a report on Wednesday, March 28th. Jefferies Group set a $12.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Monday, March 19th. Stephens restated a “buy” rating and set a $13.00 target price on shares of Oasis Petroleum in a research report on Thursday, March 15th. Finally, Bank of America downgraded Oasis Petroleum from a “neutral” rating to an “underperform” rating and set a $9.00 target price on the stock. in a research report on Thursday, March 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.18.
OAS traded down $0.40 on Friday, hitting $7.82. The company had a trading volume of 10,011,645 shares, compared to its average volume of 8,197,562. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.65 and a quick ratio of 0.62. Oasis Petroleum Inc. has a 52-week low of $6.69 and a 52-week high of $14.62. The firm has a market capitalization of $2,610.64, a PE ratio of 391.00 and a beta of 2.11.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Tuesday, February 27th. The energy producer reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Oasis Petroleum had a net margin of 9.92% and a return on equity of 0.16%. The business had revenue of $404.47 million during the quarter, compared to analyst estimates of $328.78 million. analysts expect that Oasis Petroleum Inc. will post 0.23 EPS for the current fiscal year.
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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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