Oasis Petroleum Inc. (OAS) Shares Sold by NGAM Advisors L.P.

NGAM Advisors L.P. reduced its position in Oasis Petroleum Inc. (NYSE:OAS) by 66.5% during the second quarter, Holdings Channel reports. The institutional investor owned 118,476 shares of the energy producer’s stock after selling 235,666 shares during the period. NGAM Advisors L.P.’s holdings in Oasis Petroleum were worth $954,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OAS. Swiss National Bank increased its position in shares of Oasis Petroleum by 2.5% in the first quarter. Swiss National Bank now owns 370,050 shares of the energy producer’s stock worth $5,277,000 after buying an additional 8,900 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Oasis Petroleum by 54.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,303,373 shares of the energy producer’s stock worth $18,586,000 after buying an additional 458,617 shares in the last quarter. Bank of New York Mellon Corp increased its position in Oasis Petroleum by 20.6% in the first quarter. Bank of New York Mellon Corp now owns 3,022,943 shares of the energy producer’s stock worth $43,108,000 after buying an additional 515,633 shares in the last quarter. Henderson Group PLC increased its position in Oasis Petroleum by 33.3% in the first quarter. Henderson Group PLC now owns 339,497 shares of the energy producer’s stock worth $4,841,000 after buying an additional 84,727 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Oasis Petroleum during the first quarter worth about $2,150,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Oasis Petroleum Inc. (NYSE:OAS) opened at 7.16 on Friday. The stock’s market cap is $1.70 billion. The firm has a 50 day moving average of $7.77 and a 200-day moving average of $11.06. Oasis Petroleum Inc. has a 12-month low of $6.90 and a 12-month high of $17.08.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The firm had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. Oasis Petroleum’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, analysts expect that Oasis Petroleum Inc. will post ($0.12) earnings per share for the current year.

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A number of equities analysts have recently issued reports on OAS shares. Bank of America Corporation started coverage on shares of Oasis Petroleum in a research note on Wednesday, July 19th. They set a “neutral” rating and a $9.00 price objective on the stock. Citigroup Inc. dropped their price objective on shares of Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Credit Suisse Group reiterated a “neutral” rating and set a $19.00 price objective on shares of Oasis Petroleum in a research note on Friday, June 2nd. Royal Bank Of Canada set a $19.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $17.00 price objective on shares of Oasis Petroleum in a research note on Thursday, July 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.59.

In related news, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the sale, the insider now owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Thomas B. Nusz sold 187,236 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the sale, the chairman now owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Oasis Petroleum Company Profile

Oasis Petroleum Inc is an independent exploration and production company. The Company 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. Its segments include Exploration and Production, Well Services, and Midstream Services.

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

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