Notable Runner: Could Oasis Petroleum Inc. See a Reversal After This Very Weak Session?

Notable Runner: Could Oasis Petroleum Inc. See a Reversal After This Very Weak Session?

The stock of Oasis Petroleum Inc. (NYSE:OAS) is a huge mover today! About 4.48 million shares traded hands. Oasis Petroleum Inc. (NYSE:OAS) has risen 67.73% since March 4, 2016 and is uptrending. It has outperformed by 59.69% the S&P500.
The move comes after 7 months negative chart setup for the $2.04 billion company. It was reported on Oct, 7 by Barchart.com. We have $10.40 PT which if reached, will make NYSE:OAS worth $183.60 million less.

Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on November, 1. They expect $-0.16 earnings per share, down 277.78% or $0.25 from last year’s $0.09 per share. After $-0.11 actual earnings per share 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 23 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 10 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 43% are positive. Oasis Petroleum Inc. has been the topic of 69 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies with “Neutral” on Tuesday, August 18. Susquehanna maintained the stock with “Neutral” rating in Tuesday, January 26 report. The rating was downgraded by BMO Capital Markets on Tuesday, August 23 to “Market Perform”. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, March 29. The stock of Oasis Petroleum Inc. (NYSE:OAS) has “Sell” rating given on Monday, September 14 by Citigroup. The stock of Oasis Petroleum Inc. (NYSE:OAS) earned “Hold” rating by Wunderlich on Wednesday, May 11. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 4 report. The company was upgraded on Friday, August 5 by Raymond James. The company was upgraded on Tuesday, August 30 by Seaport Global. The stock of Oasis Petroleum Inc. (NYSE:OAS) has “Outperform” rating given on Friday, January 29 by RBC Capital Markets.

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 dropped, 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.
Moreover, Schroder Management Grp has 0.02% invested in Oasis Petroleum Inc. (NYSE:OAS) for 1.19M shares. The Michigan-based Comerica Bank has invested 0% in Oasis Petroleum Inc. (NYSE:OAS). Point72 Asset Mngmt L P accumulated 0.03% or 456,900 shares. Vollero Beach Cap Prtn Ltd Liability owns 162,498 shares or 0.35% of their US portfolio. Parallax Volatility Advisers L P accumulated 0% or 1,845 shares. Envestnet Asset Mgmt last reported 0% of its portfolio in the stock. The Ontario – Canada-based Canada Pension Plan Inv Board has invested 0.01% in Oasis Petroleum Inc. (NYSE:OAS). Renaissance Techs Limited Liability holds 0.02% or 1.10 million shares in its portfolio. The Illinois-based Citadel Advsr Ltd Llc has invested 0.01% in Oasis Petroleum Inc. (NYSE:OAS). Balyasny Asset Management Ltd Company holds 0.22% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 3.58 million shares. The Illinois-based Ubs Asset Americas has invested 0.04% in Oasis Petroleum Inc. (NYSE:OAS). Moreover, Stephens Ar has 0% invested in Oasis Petroleum Inc. (NYSE:OAS) for 10,000 shares. Nuveen Asset Llc has invested 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Quantbot Technology Lp last reported 38,917 shares in the company. Moreover, Cubist Systematic Strategies Ltd Liability Corp has 0.01% invested in Oasis Petroleum Inc. (NYSE:OAS) for 25,343 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 4 sales for $36.93 million net activity. Nusz Thomas B sold $1.78 million worth of Oasis Petroleum Inc. (NYSE:OAS) on Wednesday, August 10. $34.40 million worth of Oasis Petroleum Inc. (NYSE:OAS) was sold by SPO ADVISORY CORP on Tuesday, October 4. $235,500 worth of Oasis Petroleum Inc. (NYSE:OAS) shares were sold by Reid Taylor L.

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. Nasdaq.com‘s news article titled: “Oasis Petroleum (OAS) Shares March Higher, Can It Continue?” with publication date: October 06, 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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