Creative Planning boosted its holdings in Oasis Petroleum Inc. (NYSE:OAS) by 129.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,218 shares of the energy producer’s stock after acquiring an additional 279,663 shares during the quarter. Creative Planning owned 0.18% of Oasis Petroleum worth $4,165,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in OAS. Renaissance Technologies LLC bought a new position in Oasis Petroleum in the 2nd quarter valued at approximately $17,572,000. GMT Capital Corp bought a new position in Oasis Petroleum in the 3rd quarter valued at approximately $19,487,000. State Street Corp lifted its position in Oasis Petroleum by 24.3% in the 2nd quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after acquiring an additional 1,931,992 shares in the last quarter. Victory Capital Management Inc. lifted its position in Oasis Petroleum by 70.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,248,238 shares of the energy producer’s stock valued at $29,624,000 after acquiring an additional 1,340,371 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Oasis Petroleum in the 3rd quarter valued at approximately $10,935,000. 82.75% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on OAS shares. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research report on Tuesday, October 24th. Cowen reissued a “buy” rating and set a $10.00 price target on shares of Oasis Petroleum in a report on Sunday, October 22nd. KeyCorp set a $11.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies set a $14.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Jefferies Group reissued a “buy” rating and set a $13.00 price target on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.55.
Oasis Petroleum Inc. (OAS) opened at $8.84 on Friday. Oasis Petroleum Inc. has a twelve month low of $6.69 and a twelve month high of $15.27. The company has a market capitalization of $2,100.00, a price-to-earnings ratio of -34.00 and a beta of 2.33. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The company had revenue of $304.70 million for the quarter, compared to analysts’ expectations of $264.72 million. During the same period last year, the firm earned ($0.19) EPS. Oasis Petroleum’s revenue for the quarter was up 71.9% compared to the same quarter last year. analysts anticipate that Oasis Petroleum Inc. will post -0.05 earnings per share 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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