Quantitative Systematic Strategies LLC Purchases Shares of 48,771 Oasis Petroleum Inc. (NYSE:OAS)

Quantitative Systematic Strategies LLC purchased a new stake in Oasis Petroleum Inc. (NYSE:OAS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 48,771 shares of the energy producer’s stock, valued at approximately $277,000.

Other large investors also recently made changes to their positions in the company. CWM LLC acquired a new position in Oasis Petroleum in the first quarter valued at approximately $621,000. Guinness Asset Management Ltd lifted its holdings in Oasis Petroleum by 59.2% in the first quarter. Guinness Asset Management Ltd now owns 860,600 shares of the energy producer’s stock valued at $5,198,000 after acquiring an additional 320,000 shares during the period. Norges Bank acquired a new position in Oasis Petroleum in the fourth quarter valued at approximately $18,431,000. Nisa Investment Advisors LLC lifted its holdings in Oasis Petroleum by 66.1% in the first quarter. Nisa Investment Advisors LLC now owns 75,390 shares of the energy producer’s stock valued at $455,000 after acquiring an additional 30,000 shares during the period. Finally, Sippican Capital Advisors lifted its holdings in Oasis Petroleum by 25.3% in the first quarter. Sippican Capital Advisors now owns 24,015 shares of the energy producer’s stock valued at $145,000 after acquiring an additional 4,842 shares during the period. 91.73% of the stock is owned by institutional investors.

Shares of OAS stock traded down $0.08 during trading hours on Friday, hitting $2.76. 4,696,398 shares of the company’s stock were exchanged, compared to its average volume of 9,982,493. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 4.37 and a beta of 2.04. The business’s 50 day moving average price is $4.89. Oasis Petroleum Inc. has a fifty-two week low of $2.41 and a fifty-two week high of $14.57.

Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, August 6th. The energy producer reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $529.41 million during the quarter, compared to the consensus estimate of $406.63 million. Oasis Petroleum had a return on equity of 0.59% and a net margin of 9.43%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. On average, equities analysts predict that Oasis Petroleum Inc. will post 0.06 earnings per share for the current year.

OAS has been the subject of a number of analyst reports. Ifs Securities downgraded Oasis Petroleum from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $8.00 to $7.00 in a report on Tuesday, April 23rd. SunTrust Banks downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Monday, July 8th. ValuEngine raised Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 28th. Evercore ISI set a $9.00 price target on Oasis Petroleum and gave the company a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus set a $14.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.23.

Oasis Petroleum Profile

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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