Oasis Petroleum Inc. (OAS) Shares Gap Up to $0.00

Shares of Oasis Petroleum Inc. (NYSE:OAS) gapped up before the market opened on Thursday . The stock had previously closed at ($9.66), but opened at $0.00. Oasis Petroleum shares last traded at $0.00, with a volume of 12555991 shares.

Several equities analysts recently weighed in on the company. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Jefferies Group LLC set a $13.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Bank of America Corporation assumed coverage on Oasis Petroleum in a research report on Wednesday, July 19th. They set a “neutral” rating and a $9.00 price objective for the company. Citigroup Inc. cut their price objective on Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Morgan Stanley cut their price objective on Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.26.

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.80 and a current ratio of 0.85.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. 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. During the same period in the prior year, the company posted ($0.11) EPS. The company’s revenue was up 42.0% compared to the same quarter last year. sell-side analysts forecast that Oasis Petroleum Inc. will post -0.2 earnings per share for the current fiscal year.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the sale, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock worth $238,000 after acquiring an additional 323 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,089 shares during the last quarter. Teacher Retirement System of Texas grew its position in Oasis Petroleum by 6.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after acquiring an additional 1,100 shares during the last quarter. Bellwether Investment Group LLC grew its position in Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC grew its position in Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock worth $610,000 after acquiring an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

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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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