The stock of Oasis Petroleum Inc. (NYSE:OAS) is a huge mover today! About 11.73M shares traded hands or 3.81% up from the average. Oasis Petroleum Inc. (NYSE:OAS) has risen 77.80% since March 2, 2016 and is uptrending. It has outperformed by 69.54% the S&P500.
The move comes after 9 months positive chart setup for the $2.06B company. It was reported on Oct, 5 by Barchart.com. We have $17.89 PT which if reached, will make NYSE:OAS worth $1.09 billion more.
Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on November, 1. They expect $-0.16 EPS, down 277.78% or $0.25 from last year’s $0.09 per share. After $-0.11 actual EPS reported by Oasis Petroleum Inc. for the previous quarter, Wall Street now forecasts 45.45% negative EPS growth.
Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage
Out of 22 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 9 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 41% are positive. Oasis Petroleum Inc. has been the topic of 68 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, July 13 by Ladenburg Thalmann. As per Wednesday, October 28, the company rating was initiated by Credit Suisse. Topeka Capital Markets maintained Oasis Petroleum Inc. (NYSE:OAS) on Wednesday, October 7 with “Buy” rating. On Tuesday, May 17 the stock rating was maintained by Citigroup with “Neutral”. Wunderlich upgraded the shares of OAS in a report on Thursday, August 6 to “Buy” rating. The stock of Oasis Petroleum Inc. (NYSE:OAS) earned “Neutral” rating by Citigroup on Thursday, April 7. On Monday, August 15 the stock rating was maintained by JP Morgan with “Overweight”. BMO Capital Markets upgraded Oasis Petroleum Inc. (NYSE:OAS) on Monday, August 17 to “Outperform” rating. The stock of Oasis Petroleum Inc. (NYSE:OAS) earned “Hold” rating by Wunderlich on Thursday, January 28. The firm has “Neutral” rating given on Tuesday, June 7 by Seaport Global.
According to Zacks Investment Research, “Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. The Company is currently focused on exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of its acreage. Oasis Petroleum Inc. is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.13, from 1.33 in 2016Q1. The ratio is negative, as 40 funds sold all Oasis Petroleum Inc. shares owned while 56 reduced positions. 48 funds bought stakes while 67 increased positions. They now own 155.56 million shares or 0.09% more from 155.43 million shares in 2016Q1.
Hartford accumulated 190 shares or 0% of the stock. National Bank Of New York Mellon has 0% invested in the company for 1.02M shares. The United Kingdom-based Royal London Asset Management has invested 0.03% in Oasis Petroleum Inc. (NYSE:OAS). State Street reported 7.60 million shares or 0.01% of all its holdings. The New Jersey-based Blackrock Investment Management Ltd Liability has invested 0.01% in Oasis Petroleum Inc. (NYSE:OAS). Pine River Mngmt Limited Partnership last reported 0.13% of its portfolio in the stock. Jane Street Gru Ltd owns 17,527 shares or 0% of their US portfolio. The Texas-based Bridgeway Capital has invested 0.07% in Oasis Petroleum Inc. (NYSE:OAS). Waddell And Reed Financial holds 0.08% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 3.81M shares. Cambrian Capital Ltd Partnership accumulated 235,634 shares or 1.31% of the stock. Westpac Banking has 0% invested in the company for 482,646 shares. Henderson Grp Public Ltd Liability Corporation has 146,686 shares for 0.01% of their US portfolio. Savings Bank Of America De has 0% invested in the company for 619,131 shares. Quantbot Techs Lp holds 38,917 shares or 0.04% of its portfolio. Marshall Wace Ltd Liability Partnership accumulated 0.01% or 133,213 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 3 selling transactions for $2.53 million net activity. Reid Taylor L also sold $507,500 worth of Oasis Petroleum Inc. (NYSE:OAS) shares. Shares for $1.78 million were sold by Nusz Thomas B on Wednesday, August 10.
More recent Oasis Petroleum Inc. (NYSE:OAS) news were published by: Prnewswire.com which released: “Oasis Petroleum Inc. Announces the Exercise of the Over-Allotment Option for …” on September 29, 2016. Also Prnewswire.com published the news titled: “Oasis Petroleum Inc. Prices Upsized $275 million Public Offering of Senior …” on September 14, 2016. Seekingalpha.com‘s news article titled: “Time For Oasis Petroleum To Acquire Some Diversification” with publication date: September 30, 2016 was also an interesting one.
OAS Company Profile
Oasis Petroleum Inc., incorporated on February 25, 2010, is an independent exploration and production company. The Firm 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. The Company’s divisions include Exploration and Production, Well Services, and Midstream Services. The exploration and production segment is engaged in the acquisition and development of oil and natural gas properties. The well services business segment (OWS) performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA). The midstream services business segment (OMS) performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA. The Company’s projects include Williston Basin, West Williston and East Nesson. The Firm also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).
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