The stock of Oasis Petroleum Inc. (NYSE:OAS) is a huge mover today! About 19.05M shares traded hands or 20.65% up from the average. Oasis Petroleum Inc. (NYSE:OAS) has risen 12.69% since April 27, 2016 and is uptrending. It has outperformed by 7.47% the S&P500.
The move comes after 5 months positive chart setup for the $3.41B company. It was reported on Nov, 30 by Barchart.com. We have $15.68 PT which if reached, will make NYSE:OAS worth $238.70 million more.
Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on February, 22. They expect $-0.12 EPS, down 340.00% or $0.17 from last year’s $0.05 per share. After $-0.17 actual EPS reported by Oasis Petroleum Inc. for the previous quarter, Wall Street now forecasts -29.41% EPS growth.
Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage
Out of 27 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 17 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 63% are positive. Oasis Petroleum Inc. has been the topic of 79 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Thursday, April 7. The stock of Oasis Petroleum Inc. (NYSE:OAS) earned “Buy” rating by Jefferies on Tuesday, May 10. Simmons & Co upgraded Oasis Petroleum Inc. (NYSE:OAS) on Wednesday, October 19 to “Overweight” rating. As per Wednesday, January 20, the company rating was maintained by Topeka Capital Markets. The stock has “Buy” rating given by Topeka Capital Markets on Wednesday, October 7. The rating was reinitiated by Ladenburg Thalmann on Wednesday, July 13 with “Buy”. The rating was downgraded by Goldman Sachs on Tuesday, October 18 to “Sell”. The firm has “Hold” rating given on Thursday, August 6 by Canaccord Genuity. The firm has “Overweight” rating by JP Morgan given on Monday, August 15. On Friday, June 3 the stock rating was maintained by Citigroup with “Buy”.
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 increased to 1.44 in 2016 Q2. Its up 0.24, from 1.2 in 2016Q1. The ratio improved, 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.
Cortina Asset Management Limited Liability Company reported 540,112 shares or 0.23% of all its holdings. Ascend Cap Ltd Liability has invested 0.18% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Proshare Limited Com last reported 0% of its portfolio in the stock. Bluecrest Capital Mgmt has 0.13% invested in the company for 336,067 shares. Cambrian Cap Partnership last reported 235,634 shares in the company. Cambridge Investment Rech Inc has 0% invested in the company for 17,705 shares. Jacobs Levy Equity Management Incorporated accumulated 0.01% or 59,500 shares. Moreover, Gsa Partners Ltd Liability Partnership has 0.01% invested in Oasis Petroleum Inc. (NYSE:OAS) for 17,730 shares. Cornerstone Capital Mngmt Holding Ltd Liability Company has 0% invested in the company for 4,300 shares. Strs Ohio holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 8,600 shares. Vaughan Nelson Mngmt Limited Partnership holds 1.88 million shares or 0.22% of its portfolio. Hbk Invests L P, a Texas-based fund reported 88,800 shares. The Massachusetts-based Ngam Lp has invested 0.02% in Oasis Petroleum Inc. (NYSE:OAS). Stephens Incorporated Ar holds 0% or 10,000 shares in its portfolio. Envestnet Asset reported 1,741 shares or 0% of all its holdings.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 3 selling transactions for $36.42 million net activity. $235,500 worth of Oasis Petroleum Inc. (NYSE:OAS) shares were sold by Reid Taylor L. $34.40M worth of Oasis Petroleum Inc. (NYSE:OAS) shares were sold by SPO ADVISORY CORP. Another trade for 200,000 shares valued at $1.78 million was made by Nusz Thomas B on Wednesday, August 10.
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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