Oasis Petroleum Inc. (OAS) Short Interest Update
Oasis Petroleum Inc. (NYSE:OAS) was the target of a significant drop in short interest in December. As of December 29th, there was short interest totalling 26,992,463 shares, a drop of 20.6% from the December 15th total of 33,979,529 shares. Based on an average daily volume of 10,546,299 shares, the short-interest ratio is presently 2.6 days. Currently, 10.2% of the shares of the stock are sold short.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Investors Inc. PA bought a new position in shares of Oasis Petroleum during the second quarter worth $121,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after purchasing an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Oasis Petroleum during the third quarter worth $142,000. Advisory Services Network LLC boosted its position in shares of Oasis Petroleum by 14.1% during the second quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Oasis Petroleum by 5.6% during the second quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock worth $166,000 after purchasing an additional 1,089 shares in the last quarter. 82.75% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on OAS. Mizuho reissued a “hold” rating and issued a $10.00 price target on shares of Oasis Petroleum in a report on Friday, September 29th. Piper Jaffray Companies reissued an “overweight” rating on shares of Oasis Petroleum in a report on Tuesday, October 17th. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 price target (down previously from $10.50) on shares of Oasis Petroleum in a report on Monday, September 25th. Jefferies Group reissued a “buy” rating and issued a $13.00 price target on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Finally, BMO Capital Markets set a $11.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. Oasis Petroleum currently has an average rating of “Hold” and an average price target of $12.55.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $304.70 million for the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The business’s revenue for the quarter was up 71.9% on a year-over-year basis. During the same period last year, the firm earned ($0.19) earnings per share. equities research analysts predict that Oasis Petroleum will post -0.06 EPS for the current year.
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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