Dynamic Technology Lab Private Ltd bought a new position in Oasis Petroleum Inc. (NYSE:OAS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 28,073 shares of the energy producer’s stock, valued at approximately $256,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA bought a new stake in shares of Oasis Petroleum in the 2nd quarter worth about $121,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Oasis Petroleum in the 3rd quarter worth about $142,000. Teacher Retirement System of Texas increased its stake in Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after buying an additional 1,100 shares during the period. Advisory Services Network LLC increased its stake in Oasis Petroleum by 14.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after buying an additional 2,400 shares during the period. Finally, Bourgeon Capital Management LLC purchased a new position in Oasis Petroleum in the 2nd quarter worth about $161,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
Oasis Petroleum Inc. (NYSE OAS) traded down $0.25 during midday trading on Wednesday, reaching $10.05. 6,024,700 shares of the company’s stock were exchanged, compared to its average volume of 8,657,654. 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 Inc. has a 1-year low of $6.69 and a 1-year high of $17.08.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.
OAS has been the topic of several recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price target (down previously from $10.50) on shares of Oasis Petroleum in a research note on Monday, September 25th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Oasis Petroleum in a research note on Tuesday, October 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $13.00 price target (up previously from $12.00) on shares of Oasis Petroleum in a research note on Thursday, November 9th. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Oasis Petroleum in a research note on Tuesday, October 3rd. Finally, Mizuho set a $11.00 price target on shares of Oasis Petroleum and gave the stock a “hold” rating in a research note on Saturday, November 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus price target of $13.32.
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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