Bank of Nova Scotia Has $1.68 Million Stake in Oasis Petroleum Inc. (NYSE:OAS)
Bank of Nova Scotia lowered its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 43.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,887 shares of the energy producer’s stock after selling 90,421 shares during the period. Bank of Nova Scotia’s holdings in Oasis Petroleum were worth $1,681,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Atria Investments LLC raised its stake in shares of Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock worth $243,000 after buying an additional 700 shares during the last quarter. Bank of Montreal Can raised its stake in Oasis Petroleum by 110.7% in the first quarter. Bank of Montreal Can now owns 2,332,894 shares of the energy producer’s stock valued at $33,267,000 after buying an additional 1,225,628 shares in the last quarter. Creative Planning raised its stake in Oasis Petroleum by 1.3% in the first quarter. Creative Planning now owns 24,382 shares of the energy producer’s stock valued at $348,000 after buying an additional 323 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Oasis Petroleum by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,103,501 shares of the energy producer’s stock valued at $15,239,000 after buying an additional 75,768 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in Oasis Petroleum by 1.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,169,573 shares of the energy producer’s stock valued at $47,987,000 after buying an additional 54,668 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.
Shares of Oasis Petroleum Inc. (OAS) traded down 1.77% during midday trading on Thursday, hitting $7.23. 18,446,072 shares of the stock were exchanged. The firm has a 50-day moving average price of $7.93 and a 200 day moving average price of $11.58. The firm’s market cap is $1.72 billion. Oasis Petroleum Inc. has a 12-month low of $6.67 and a 12-month high of $17.08.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. Oasis Petroleum had a negative return on equity of 2.88% and a negative net margin of 18.00%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. Analysts predict that Oasis Petroleum Inc. will post ($0.15) earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on OAS shares. Stifel Nicolaus started coverage on shares of Oasis Petroleum in a report on Friday, April 7th. They issued a “hold” rating and a $13.00 price target for the company. Williams Capital lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating in a report on Monday, April 24th. SunTrust Banks, Inc. upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and boosted their price target for the company from $16.00 to $17.00 in a report on Wednesday, May 3rd. BMO Capital Markets set a $18.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Monday, May 8th. Finally, Bank of America Corporation lowered shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $16.00 in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.53.
In other news, Chairman Thomas B. Nusz sold 187,236 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the sale, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.
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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