66,600 Shares in Oasis Petroleum Inc. (OAS) Acquired by Turner Investments LLC
Turner Investments LLC acquired a new position in shares of Oasis Petroleum Inc. (NYSE:OAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,600 shares of the energy producer’s stock, valued at approximately $536,000.
Other large investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in Oasis Petroleum by 6.3% in the second 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 in the last quarter. Bourgeon Capital Management LLC bought a new stake in Oasis Petroleum during the second quarter worth approximately $161,000. DekaBank Deutsche Girozentrale increased its stake 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. Stephens Inc. AR increased its stake in Oasis Petroleum by 13.8% in the first quarter. Stephens Inc. AR now owns 16,050 shares of the energy producer’s stock worth $229,000 after buying an additional 1,950 shares in the last quarter. Finally, Palisade Capital Management LLC NJ bought a new stake in Oasis Petroleum during the second quarter worth approximately $233,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Oasis Petroleum Inc. (NYSE:OAS) opened at 7.35 on Monday. Oasis Petroleum Inc. has a 12 month low of $6.90 and a 12 month high of $17.08. The company’s 50-day moving average price is $7.76 and its 200 day moving average price is $11.01. The firm’s market capitalization is $1.75 billion.
Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (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 analyst estimates of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. Oasis Petroleum’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. On average, equities research analysts predict that Oasis Petroleum Inc. will post ($0.13) earnings per share for the current year.
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A number of research firms recently commented on OAS. Williams Capital reiterated a “hold” rating and issued a $15.00 price objective on shares of Oasis Petroleum in a report on Monday, May 15th. Cowen and Company set a $14.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, July 10th. Bank of America Corporation downgraded Oasis Petroleum from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $16.00 in a report on Thursday, May 11th. UBS AG upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $14.00 to $13.00 in a report on Thursday, June 8th. Finally, SunTrust Banks, Inc. upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and increased their price target for the stock from $16.00 to $17.00 in a report on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.59.
In other news, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the completion of the transaction, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at $13,960,687. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
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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