Nationwide Fund Advisors Purchases 6,563 Shares of Oasis Petroleum Inc. (OAS)

Nationwide Fund Advisors raised its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,118 shares of the energy producer’s stock after acquiring an additional 6,563 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Oasis Petroleum worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of OAS. Bank of New York Mellon Corp raised its holdings in shares of Oasis Petroleum by 90.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after acquiring an additional 2,732,234 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Oasis Petroleum during the 2nd quarter valued at approximately $17,572,000. State Street Corp increased its position in shares of Oasis Petroleum by 24.3% during the 2nd quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after purchasing an additional 1,931,992 shares during the last quarter. Precocity Capital LP bought a new position in shares of Oasis Petroleum during the 2nd quarter valued at approximately $8,855,000. Finally, Kennedy Capital Management Inc. increased its position in shares of Oasis Petroleum by 108.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 1,248,497 shares of the energy producer’s stock valued at $10,050,000 after purchasing an additional 650,474 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Oasis Petroleum Inc. (OAS) opened at $8.06 on Monday. Oasis Petroleum Inc. has a 12-month low of $6.69 and a 12-month high of $16.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76. The stock has a market capitalization of $2,202.98, a price-to-earnings ratio of -31.00 and a beta of 2.32.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. During the same quarter in the prior year, the company earned ($0.19) EPS. The business’s revenue was up 71.9% compared to the same quarter last year. research analysts forecast that Oasis Petroleum Inc. will post -0.06 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the company. KeyCorp reissued an “overweight” rating on shares of Oasis Petroleum in a research report on Wednesday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Oasis Petroleum in a research report on Thursday, November 9th. Cowen reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Oasis Petroleum in a research report on Friday, November 10th. Mizuho set a $11.00 price objective on Oasis Petroleum and gave the company a “hold” rating in a research report on Saturday, November 25th. Finally, SunTrust Banks downgraded Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Oasis Petroleum has a consensus rating of “Hold” and a consensus price target of $12.55.

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Oasis Petroleum 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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