Retirement Systems of Alabama boosted its stake in Oasis Petroleum Inc. (NYSE:OAS) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 351,868 shares of the energy producer’s stock after purchasing an additional 5,064 shares during the quarter. Retirement Systems of Alabama owned approximately 0.11% of Oasis Petroleum worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of OAS. Vanguard Group Inc. raised its holdings in shares of Oasis Petroleum by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 27,628,999 shares of the energy producer’s stock valued at $391,779,000 after acquiring an additional 462,112 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Oasis Petroleum by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 27,628,999 shares of the energy producer’s stock valued at $391,779,000 after buying an additional 462,112 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Oasis Petroleum by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,523,088 shares of the energy producer’s stock valued at $119,023,000 after buying an additional 1,012,789 shares in the last quarter. Oslo Asset Management AS raised its holdings in shares of Oasis Petroleum by 111.3% during the 4th quarter. Oslo Asset Management AS now owns 6,383,980 shares of the energy producer’s stock valued at $35,303,000 after buying an additional 3,363,280 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of Oasis Petroleum by 835.9% during the 3rd quarter. Federated Investors Inc. PA now owns 5,060,562 shares of the energy producer’s stock valued at $71,759,000 after buying an additional 4,519,836 shares in the last quarter. Institutional investors and hedge funds own 98.95% of the company’s stock.
In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $6.04, for a total value of $241,600.00. Following the sale, the vice president now directly owns 536,017 shares of the company’s stock, valued at $3,237,542.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
Shares of NYSE OAS traded down $0.43 during mid-day trading on Wednesday, hitting $5.38. 8,127,672 shares of the stock traded hands, compared to its average volume of 10,268,200. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.74. Oasis Petroleum Inc. has a 52 week low of $4.74 and a 52 week high of $14.57. The firm has a market capitalization of $1.84 billion, a PE ratio of 20.69, a P/E/G ratio of 1.46 and a beta of 2.11.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, May 7th. The energy producer reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a negative net margin of 6.78% and a positive return on equity of 1.14%. The firm had revenue of $575.73 million for the quarter, compared to the consensus estimate of $421.65 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, research analysts anticipate that Oasis Petroleum Inc. will post 0.24 earnings per share for the current year.
A number of equities analysts have commented on the company. Williams Capital reaffirmed a “buy” rating and issued a $9.00 price target on shares of Oasis Petroleum in a research note on Wednesday, May 8th. ValuEngine cut Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. Ifs Securities cut Oasis Petroleum from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $8.00 to $7.00 in a research note on Tuesday, April 23rd. Capital One Financial raised Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, March 20th. Finally, Citigroup decreased their price target on Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.88.
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About Oasis Petroleum
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.
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