Principal Financial Group Inc. decreased its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 662,374 shares of the energy producer’s stock after selling 20,521 shares during the period. Principal Financial Group Inc. owned approximately 0.28% of Oasis Petroleum worth $6,041,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Federated Investors Inc. PA bought a new position in shares of Oasis Petroleum during the 2nd quarter valued at about $121,000. Teacher Retirement System of Texas boosted its position in shares of Oasis Petroleum by 6.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after purchasing an additional 1,100 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Oasis Petroleum by 14.1% during the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after purchasing an additional 2,400 shares in the last quarter. Bourgeon Capital Management LLC bought a new position in shares of Oasis Petroleum during the 2nd quarter valued at about $161,000. Finally, Bellwether Investment Group LLC boosted its position in shares of Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after purchasing an additional 1,463 shares in the last quarter. 93.97% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. KeyCorp restated an “overweight” rating on shares of Oasis Petroleum in a research report on Wednesday, November 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $13.00 target price (up from $12.00) on shares of Oasis Petroleum in a report on Thursday, November 9th. Cowen reiterated a “buy” rating and issued a $12.00 target price on shares of Oasis Petroleum in a report on Friday, November 10th. Mizuho set a $11.00 target price on shares of Oasis Petroleum and gave the stock a “hold” rating in a report on Saturday, November 25th. Finally, Evercore ISI upgraded shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.90.

Oasis Petroleum Inc. (NYSE OAS) traded up $0.35 during mid-day trading on Friday, hitting $10.06. 5,634,526 shares of the company traded hands, compared to its average volume of 7,467,073. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77. Oasis Petroleum Inc. has a twelve month low of $6.69 and a twelve month high of $17.08.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The firm’s quarterly revenue was up 71.9% compared to the same quarter last year. During the same period last year, the company posted ($0.19) earnings per share. analysts anticipate that Oasis Petroleum Inc. will post -0.09 earnings per share for the current year.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction that occurred on 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 $1,599,218.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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