Oasis Petroleum Inc. (OAS) Short Interest Update
Oasis Petroleum Inc. (NYSE:OAS) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 42,892,804 shares, a growth of 15.5% from the September 15th total of 37,148,413 shares. Currently, 24.5% of the shares of the company are short sold. Based on an average trading volume of 14,523,098 shares, the short-interest ratio is currently 3.0 days.
In other Oasis Petroleum news, major shareholder Advisory Corp Spo sold 2,975,700 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total value of $34,399,092.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Thomas B. Nusz sold 200,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the completion of the transaction, the chairman now owns 1,590,772 shares of the company’s stock, valued at approximately $14,189,686.24. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock valued at $101,000 after buying an additional 100 shares during the period. Seven Eight Capital LLC purchased a new position in Oasis Petroleum during the first quarter valued at $126,000. Advisory Services Network LLC increased its position in Oasis Petroleum by 10.5% in the second quarter. Advisory Services Network LLC now owns 13,700 shares of the company’s stock valued at $128,000 after buying an additional 1,300 shares during the period. Sanders Morris Harris Inc. increased its position in Oasis Petroleum by 50.0% in the second quarter. Sanders Morris Harris Inc. now owns 15,000 shares of the company’s stock valued at $140,000 after buying an additional 5,000 shares during the period. Finally, Atria Investments LLC purchased a new position in Oasis Petroleum during the second quarter valued at $143,000. 89.73% of the stock is currently owned by institutional investors and hedge funds.
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Oasis Petroleum (NYSE:OAS) opened at 11.05 on Monday. The stock has a 50 day moving average of $10.29 and a 200-day moving average of $9.42. The stock’s market cap is $1.99 billion. Oasis Petroleum has a 52 week low of $3.40 and a 52 week high of $13.72.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. Oasis Petroleum had a negative net margin of 17.91% and a negative return on equity of 1.22%. The business had revenue of $179 million for the quarter, compared to the consensus estimate of $184.47 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. Analysts forecast that Oasis Petroleum will post ($0.62) earnings per share for the current year.
OAS has been the subject of several research analyst reports. Raymond James Financial Inc. upgraded shares of Oasis Petroleum from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $14.00 to $17.00 in a research note on Friday, August 5th. Ladenburg Thalmann raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, July 13th. Susquehanna raised shares of Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $11.00 target price for the company in a report on Monday, August 1st. Vetr cut shares of Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 target price for the company. in a report on Monday, June 27th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Oasis Petroleum in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Oasis Petroleum presently has an average rating of “Hold” and an average target price of $11.94.
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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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