Zurcher Kantonalbank Zurich Cantonalbank Buys 7,720 Shares of Oasis Petroleum Inc. (OAS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 103.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,165 shares of the energy producer’s stock after acquiring an additional 7,720 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oasis Petroleum were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Federated Investors Inc. PA purchased a new position in Oasis Petroleum in the second quarter valued at $121,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Oasis Petroleum in the third quarter valued at $142,000. Teacher Retirement System of Texas increased its holdings in Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after buying an additional 1,100 shares during the last quarter. Advisory Services Network LLC increased its holdings in Oasis Petroleum by 14.1% in the second quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after buying an additional 2,400 shares during the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in Oasis Petroleum in the second quarter valued at $161,000. 93.97% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the sale, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

OAS has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $10.00 target price (down previously from $10.50) on shares of Oasis Petroleum in a report on Monday, September 25th. Piper Jaffray Companies reissued an “overweight” rating on shares of Oasis Petroleum in a report on Tuesday, October 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Oasis Petroleum in a research note on Thursday, November 9th. Jefferies Group restated a “buy” rating and issued a $13.00 price objective on shares of Oasis Petroleum in a research note on Tuesday, October 3rd. Finally, Mizuho set a $11.00 price objective on shares of Oasis Petroleum and gave the company a “hold” rating in a research note on Saturday, November 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Oasis Petroleum presently has an average rating of “Hold” and a consensus target price of $13.32.

Shares of Oasis Petroleum Inc. (NYSE OAS) traded down $0.35 on Thursday, hitting $9.70. 7,032,900 shares of the stock traded hands, compared to its average volume of 8,650,732. Oasis Petroleum Inc. has a twelve month low of $6.69 and a twelve month high of $17.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.

Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The business had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The business’s quarterly revenue was up 71.9% compared to the same quarter last year. sell-side analysts anticipate that Oasis Petroleum Inc. will post -0.09 EPS for the current year.

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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.

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

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