Oasis Petroleum Inc. (NYSE:OAS) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 37,731,821 shares, a drop of 8.4% from the October 14th total of 41,211,952 shares. Approximately 21.6% of the company’s shares are sold short. Based on an average daily volume of 21,256,593 shares, the short-interest ratio is currently 1.8 days.

A number of equities analysts have recently commented on the stock. Bank of America Corp. raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Monday, October 24th. Jefferies Group set a $15.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Tuesday, October 18th. Vetr raised shares of Oasis Petroleum from a “buy” rating to a “strong-buy” rating and set a $11.50 target price on the stock in a research note on Tuesday, August 23rd. Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, October 5th. Finally, BMO Capital Markets downgraded shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a research note on Tuesday, August 23rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.78.

Shares of Oasis Petroleum (NYSE:OAS) opened at 12.36 on Wednesday. The company’s market capitalization is $2.92 billion. Oasis Petroleum has a 12-month low of $3.40 and a 12-month high of $12.66. The company has a 50 day moving average of $11.22 and a 200-day moving average of $9.85.

Oasis Petroleum (NYSE:OAS) last posted its earnings results on Monday, November 7th. The company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. The business had revenue of $177.13 million for the quarter, compared to analyst estimates of $186.51 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Oasis Petroleum will post ($0.61) EPS for the current fiscal year.

In other Oasis Petroleum news, major shareholder Advisory Corp Spo sold 2,975,700 shares of the stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total transaction of $34,399,092.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Taylor L. Reid sold 25,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $9.42, for a total transaction of $235,500.00. Following the transaction, the chief operating officer now directly owns 1,199,341 shares in the company, valued at approximately $11,297,792.22. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Several large investors have recently bought and sold shares of OAS. Teachers Advisors Inc. raised its stake in Oasis Petroleum by 34.4% in the first quarter. Teachers Advisors Inc. now owns 294,246 shares of the company’s stock valued at $2,142,000 after buying an additional 75,283 shares during the last quarter. BlackRock Fund Advisors raised its stake in Oasis Petroleum by 24.8% in the first quarter. BlackRock Fund Advisors now owns 4,775,460 shares of the company’s stock valued at $34,765,000 after buying an additional 949,589 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Oasis Petroleum by 22.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,448,756 shares of the company’s stock valued at $32,387,000 after buying an additional 819,288 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Oasis Petroleum by 49.0% in the first quarter. JPMorgan Chase & Co. now owns 151,501 shares of the company’s stock valued at $1,103,000 after buying an additional 49,832 shares during the last quarter. Finally, State Street Corp raised its stake in Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock valued at $56,536,000 after buying an additional 1,388,971 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.

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