Oasis Petroleum Inc. (OAS) Sees Significant Drop in Short Interest
Oasis Petroleum Inc. (NYSE:OAS) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 35,256,676 shares, a decline of 8.7% from the November 15th total of 38,632,285 shares. Approximately 15.2% of the shares of the stock are short sold. Based on an average daily volume of 7,658,408 shares, the days-to-cover ratio is presently 4.6 days.
Oasis Petroleum (OAS) opened at $7.96 on Thursday. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $16.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. During the same period in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 71.9% on a year-over-year basis. equities analysts predict that Oasis Petroleum will post -0.07 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Federated Investors Inc. PA acquired a new position in Oasis Petroleum in the second quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after buying an additional 7,720 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Oasis Petroleum during the third quarter worth about $142,000. Teacher Retirement System of Texas boosted its position in shares of Oasis Petroleum by 6.3% during 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 during the period. Finally, Advisory Services Network LLC boosted its position in shares of Oasis Petroleum by 14.1% during the second 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. 93.91% of the stock is owned by hedge funds and other institutional investors.
OAS has been the subject of several research analyst reports. Royal Bank of Canada set a $14.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research report on Thursday, August 24th. Jefferies Group set a $13.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 price objective on shares of Oasis Petroleum in a research report on Sunday, September 3rd. Morgan Stanley reiterated an “equal weight” rating on shares of Oasis Petroleum in a research report on Saturday, September 16th. Finally, Mizuho reiterated a “hold” rating and issued a $10.00 price objective on shares of Oasis Petroleum in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.55.
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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