Economy

Oasis Petroleum Inc. (NYSE:OAS): Are Traders Shorting This Stock?

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Oasis Petroleum Inc. For the quarter, shares have been noted at -6.53%.

These funds have shifted positions in (OAS). Kennedy Capital Management Inc. grew its stake in shares of Oasis Petroleum by 108.8% during the second quarter. William Blair Investment Management, LLC owns 1,579,190 shares worth $12,712,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Oasis Petroleum by 374.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 28,198 shares of the energy producer's stock valued at $227,000 after acquiring an additional 7,445 shares in the last quarter. The institutional investor owned 34,900 shares of the company's stock after selling 54,900 shares during the period. Westpac Banking Corp boosted its stake in Oasis Petroleum by 16.1% in the second quarter. This trading sentiment put the stock on Active spotlight. Finally, Swiss National Bank boosted its stake in Oasis Petroleum by 2.1% in the second quarter. Bank of America Corporation raised Oasis Petroleum from a "neutral" rating to a "buy" rating in a research report on Monday, October 24th. However, the institutional investors are observed to own 95.80% of the total shares.

In related news, insider Taylor L. Reid sold 50,000 shares of the business's stock in a transaction that occurred on Friday, August 4th. GMT Capital Corp now owns 2,171,300 shares of the company's stock valued at $24,905,000 after buying an additional 1,598,500 shares in the last quarter. Following the completion of the sale, the chairman now owns 1,469,546 shares of the company's stock, valued at $13,960,687. Caldwell & Orkin Inc.'s holdings in Oasis Petroleum were worth $528,000 at the end of the most recent quarter. "(OAS) PT Set at $13.00 by Jefferies Group LLC" was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law.

06/21/2017 - Oasis Petroleum Inc. was downgraded to "neutral" by analysts at Seaport Global Securities.

These firms have modified their investment in OAS. BidaskClub cut shares of Oasis Petroleum from a "sell" rating to a "strong sell" rating in a research note on Wednesday, June 21st. Dimensional Fund Advisors LP increased its position in Oasis Petroleum by 81.5% in the fourth quarter. Jefferies Group also issued estimates for Oasis Petroleum's Q3 2017 earnings at ($0.03) EPS, Q4 2017 earnings at $0.00 EPS, FY2017 earnings at ($0.13) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.12 EPS.

On July 21 Citigroup kept the stock rating at "Buy" but lowered the price expectation from $13.00 to $12.00. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock.

July 13 investment analysts at Citigroup held the company rating at "Buy" and moved down the price target to $13.00 from $14.00.

Shares of Oasis Petroleum Inc. (NYSE:OAS) was up +1.23% during the last trading session, with a day high of 8.64. The value of the total investment in Oasis Petroleum Inc. went from $563,000 to $966,000 a change of 71.6% for the reporting period.

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Wednesday, August 2nd.

In the last earnings report the EPS was $-0.22 and is expected to be $-0.14 for the current year with 237,415,000 shares outstanding. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The company had revenue of $254.10 million for the quarter, compared to analyst estimates of $255.41 million. Next quarter's EPS is forecasted at $-0.03 and the next full year EPS is anticipated to be $-0.03. Oasis Petroleum's revenue was up 42.0% compared to the same quarter past year.

Over the past 50 days, Oasis Petroleum Inc. stock's -2.01% off of the high and 23.62% removed from the low.



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