Bourgeon Capital Management LLC bought a new position in Oasis Petroleum Inc. (NYSE:OAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the energy producer’s stock, valued at approximately $161,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hellman Jordan Management Co. Inc. MA purchased a new position in Oasis Petroleum during the second quarter worth approximately $509,000. Creative Planning increased its position in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock worth $348,000 after buying an additional 323 shares in the last quarter. Teacher Retirement System of Texas increased its position in Oasis Petroleum by 2.9% in the first quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock worth $251,000 after buying an additional 497 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Oasis Petroleum during the first quarter worth approximately $296,000. Finally, DekaBank Deutsche Girozentrale increased its position in Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.
Oasis Petroleum Inc. (NYSE:OAS) opened at 7.93 on Friday. Oasis Petroleum Inc. has a 12 month low of $6.90 and a 12 month high of $17.08. The firm’s market capitalization is $1.88 billion. The stock’s 50 day moving average price is $7.81 and its 200 day moving average price is $11.27.
Oasis Petroleum (NYSE:OAS) last issued its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) EPS. Equities research analysts expect that Oasis Petroleum Inc. will post ($0.12) earnings per share for the current fiscal year.
A number of research analysts have commented on OAS shares. Bank of America Corporation started coverage on Oasis Petroleum in a report on Wednesday, July 19th. They set a “neutral” rating and a $9.00 target price on the stock. Citigroup Inc. reduced their target price on Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Credit Suisse Group reaffirmed a “neutral” rating and set a $19.00 target price on shares of Oasis Petroleum in a report on Friday, June 2nd. Royal Bank Of Canada set a $19.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a report on Thursday, June 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Oasis Petroleum in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $14.54.
In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the sale, the insider now owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the sale, the chairman now owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
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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