The stock of Oasis Petroleum Inc. (NYSE:OAS) is a huge mover today! About 17.13 million shares traded hands or 21.32% up from the average. Oasis Petroleum Inc. (NYSE:OAS) has risen 40.93% since March 16, 2016 and is uptrending. It has outperformed by 35.39% the S&P500.
The move comes after 6 months positive chart setup for the $1.90 billion company. It was reported on Oct, 19 by Barchart.com. We have $15.57 PT which if reached, will make NYSE:OAS worth $741.00 million more.
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”, 1 “Sell”, while 12 “Hold”. This means 43% are positive. Oasis Petroleum Inc. has been the topic of 72 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Oasis Petroleum Inc. (NYSE:OAS) earned “Buy” rating by UBS on Wednesday, November 4. Citigroup maintained Oasis Petroleum Inc. (NYSE:OAS) rating on Tuesday, May 17. Citigroup has “Neutral” rating and $12 price target. As per Friday, March 11, the company rating was upgraded by Goldman Sachs. The company was maintained on Tuesday, August 18 by Jefferies. The rating was maintained by Wunderlich on Thursday, November 5 with “Buy”. On Wednesday, October 7 the stock rating was maintained by Topeka Capital Markets with “Buy”. On Tuesday, August 23 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The firm earned “Neutral” rating on Friday, June 10 by Piper Jaffray. The firm has “Neutral” rating by Citigroup given on Tuesday, January 5. The firm earned “Buy” rating on Wednesday, January 20 by Topeka 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 Q2 2016. Its down 0.13, from 1.33 in 2016Q1. The ratio turned 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.
Victory Inc accumulated 0.11% or 3.01M shares. The New York-based Morgan Stanley has invested 0% in Oasis Petroleum Inc. (NYSE:OAS). State Street reported 7.60 million shares or 0.01% of all its holdings. Parametric Port Associate Limited Liability Corporation last reported 404,541 shares in the company. Paloma Prns Company has 0% invested in the company for 22,639 shares. Huntington Retail Bank holds 0% or 495 shares in its portfolio. The Australia-based Macquarie has invested 0.06% in Oasis Petroleum Inc. (NYSE:OAS). California State Teachers Retirement System, a California-based fund reported 373,343 shares. Cornerstone Mngmt Lc last reported 4,300 shares in the company. Scepter accumulated 0.75% or 249,815 shares. Waddell & Reed has 3.81 million shares for 0.08% of their US portfolio. Bnp Paribas Arbitrage Sa last reported 15,993 shares in the company. Columbia Pacific Lc accumulated 343,342 shares or 1.96% of the stock. Texan Mgmt reported 17,475 shares or 0.07% of all its holdings. Manufacturers Life Insur The reported 119,697 shares or 0% of all its holdings.
Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 4 sales for $36.93 million net activity. $507,500 worth of Oasis Petroleum Inc. (NYSE:OAS) was sold by Reid Taylor L on Wednesday, May 25. 2.98M Oasis Petroleum Inc. (NYSE:OAS) shares with value of $34.40M were sold by SPO ADVISORY CORP. Shares for $1.78M were sold by Nusz Thomas B on Wednesday, August 10.
More important recent Oasis Petroleum Inc. (NYSE:OAS) news were published by: Reuters.com which released: “BRIEF-Oasis Petroleum Inc- announces public offering of 40 mln common shar…” on October 18, 2016, also Reuters.com published article titled: “BRIEF-Oasis Petroleum Inc – to pay SM Energy a deposit of around $78.5 mln”, Prnewswire.com published: “Oasis Petroleum Inc. Announces the Exercise of the Over-Allotment Option for …” on September 29, 2016. More interesting news about Oasis Petroleum Inc. (NYSE:OAS) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades” with publication date: October 19, 2016.
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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