Sapience Investments LLC lifted its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,503,720 shares of the energy producer’s stock after purchasing an additional 142,210 shares during the quarter. Oasis Petroleum comprises 1.7% of Sapience Investments LLC’s portfolio, making the stock its 22nd largest position. Sapience Investments LLC owned approximately 0.56% of Oasis Petroleum worth $12,646,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of Oasis Petroleum by 3.9% during the 3rd quarter. Nationwide Fund Advisors now owns 174,118 shares of the energy producer’s stock worth $1,588,000 after purchasing an additional 6,563 shares during the period. California Public Employees Retirement System raised its position in shares of Oasis Petroleum by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 551,500 shares of the energy producer’s stock worth $5,030,000 after purchasing an additional 6,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Oasis Petroleum by 103.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after buying an additional 7,720 shares in the last quarter. Rhumbline Advisers grew its holdings in Oasis Petroleum by 2.7% in the 3rd quarter. Rhumbline Advisers now owns 366,534 shares of the energy producer’s stock worth $3,343,000 after buying an additional 9,515 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Oasis Petroleum by 39.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 33,983 shares of the energy producer’s stock worth $310,000 after buying an additional 9,661 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.
A number of equities analysts recently issued reports on the company. Deutsche Bank assumed coverage on Oasis Petroleum in a report on Thursday, February 1st. They issued a “hold” rating and a $10.00 price objective for the company. Stifel Nicolaus set a $9.00 price objective on Oasis Petroleum and gave the stock a “hold” rating in a report on Tuesday, January 30th. Morgan Stanley increased their price objective on Oasis Petroleum from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Jefferies Group set a $14.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Saturday, February 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.50.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, February 27th. The energy producer reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. The company had revenue of $404.47 million during the quarter, compared to analyst estimates of $328.78 million. Oasis Petroleum had a return on equity of 0.16% and a net margin of 9.92%. research analysts anticipate that Oasis Petroleum Inc. will post 0.21 earnings per share for the current year.
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About Oasis Petroleum
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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