Caymus Capital Partners L.P. decreased its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,691,150 shares of the energy producer’s stock after selling 548,450 shares during the quarter. Oasis Petroleum accounts for approximately 6.5% of Caymus Capital Partners L.P.’s investment portfolio, making the stock its 9th largest position. Caymus Capital Partners L.P. owned 2.40% of Oasis Petroleum worth $51,903,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OAS. Bank of New York Mellon Corp lifted its position in Oasis Petroleum by 90.4% during the second quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after purchasing an additional 2,732,234 shares during the period. Renaissance Technologies LLC bought a new stake in Oasis Petroleum during the second quarter worth about $17,572,000. State Street Corp lifted its position in Oasis Petroleum by 24.3% during the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after purchasing an additional 1,931,992 shares during the period. Victory Capital Management Inc. lifted its position in Oasis Petroleum by 70.3% during the third quarter. Victory Capital Management Inc. now owns 3,248,238 shares of the energy producer’s stock worth $29,624,000 after purchasing an additional 1,340,371 shares during the period. Finally, Precocity Capital LP bought a new stake in Oasis Petroleum during the second quarter worth about $8,855,000. 93.37% of the stock is owned by institutional investors and hedge funds.
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Several brokerages have commented on OAS. Cowen and Company set a $10.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research note on Wednesday, July 19th. BidaskClub raised Oasis Petroleum from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Piper Jaffray Companies set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.27.
Shares of Oasis Petroleum Inc. (OAS) traded down $0.30 during mid-day trading on Tuesday, reaching $10.19. The company had a trading volume of 5,764,091 shares, compared to its average volume of 8,695,298. Oasis Petroleum Inc. has a 1-year low of $6.69 and a 1-year high of $17.08. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, topping 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 return on equity of 1.29% and a negative net margin of 5.23%. The company’s revenue for the quarter was up 71.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) EPS. sell-side analysts anticipate that Oasis Petroleum Inc. will post -0.13 EPS for the current fiscal year.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.
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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