(NYSE:OAS) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,755,177 shares of the energy producer's stock after acquiring an additional 2,732,234 shares during the period.
Oasis Petroleum Inc., launched on February 25, 2010, is an independent exploration and production company. Teacher Retirement System of Texas raised its stake in Oasis Petroleum by 6.3% during the 2nd quarter. For the quarter, shares have been noted at -24.06%. (NYSE:OAS). Kennedy Cap Mngmt invested 0.16% of its portfolio in Oasis Petroleum Inc. The rating was maintained by Goldman Sachs with "Neutral" on Tuesday, March 29. Bellwether Investment Group LLC lifted its stake in shares of Oasis Petroleum by 7.7% during the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer's stock valued at $156,000 after purchasing an additional 2,400 shares during the period. As of the end of the quarter Quadrature Capital Ltd had bought a total of 143,635 shares growing its stake by 173.1%. The value of the investment in Oasis Petroleum Inc. went from $563,000 to $966,000 increasing 71.6% quarter to quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer's stock valued at $164,000 after buying an additional 1,526 shares in the last quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company.
Headquartered in Houston, Oasis Petroleum is engaged in the acquisition and development of oil and natural gas. (NYSE:OAS) opened at 7.10 on Monday. The firm's market capitalization is $1.69 billion. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). It is positive, as 44 investors sold Oasis Petroleum Inc. shares while 53 reduced holdings. (NYSE:OAS). Moreover, Boothbay Fund Mngmt Limited Liability Co has 0.22% invested in Oasis Petroleum Inc. It has a return on equity (ROE) of -1.70%. The business's quarterly revenue was up 42.0% on a year-over-year basis.
While considering growth estimates of the company, it has next quarter growth estimates of 62.5% whereas during current quarter it has 64.7% estimations over growth, comparing to the estimations of 72% during current year and 78.6% for next year. The short-interest ratio increased to 4.0 and the percentage of shorted shares was 0.20% on August 15.
Several equities research analysts have weighed in on OAS shares. Jefferies Group LLC reiterated a "buy" rating and set a $17.00 price objective on shares of Oasis Petroleum in a research report on Wednesday, May 17th. The company presently has a consensus rating of Hold and a consensus target price of $14.48. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.
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Westpac Banking Corp boosted its position in Oasis Petroleum Inc. On July 18, 2017 the stock rating was set at "Buy" in a report from Deutsche Bank which is down from the previous "Buy" rating. The stock rose 9.45% or $0.7 reaching $8.16. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold.
Currently Oasis Petroleum Inc (NYSE:OAS)'s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 95.8%. Insiders own 1.90% of the company's stock.
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Oasis Petroleum Inc (NYSE:OAS)'s revenue estimates for the current quarter are $260.58 Million according to 21 number of analysts, for the current quarter the company has high revenue estimates of $287.53 Million in contradiction of low revenue estimates of $220.4 Million. 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.