Oasis Petroleum Inc. (OAS) Holdings Lifted by Legal & General Group Plc

Legal & General Group Plc raised its holdings in Oasis Petroleum Inc. (NYSE:OAS) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,295 shares of the energy producer’s stock after acquiring an additional 19,924 shares during the period. Legal & General Group Plc owned about 0.10% of Oasis Petroleum worth $2,227,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. GMT Capital Corp bought a new position in Oasis Petroleum in the third quarter valued at about $19,487,000. Ashburton Jersey Ltd grew its position in Oasis Petroleum by 249.0% in the third quarter. Ashburton Jersey Ltd now owns 178,420 shares of the energy producer’s stock valued at $1,627,000 after acquiring an additional 127,300 shares during the last quarter. American International Group Inc. grew its position in Oasis Petroleum by 8.1% in the third quarter. American International Group Inc. now owns 157,833 shares of the energy producer’s stock valued at $1,439,000 after acquiring an additional 11,801 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after purchasing an additional 7,720 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Oasis Petroleum during the third quarter valued at about $256,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.

Oasis Petroleum Inc. (NYSE:OAS) opened at $8.36 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2,240.69, a P/E ratio of -32.15 and a beta of 2.32. Oasis Petroleum Inc. has a 12 month low of $6.69 and a 12 month high of $16.42.

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

A number of brokerages have recently commented on OAS. Piper Jaffray Companies set a $15.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Thursday, December 14th. Jefferies Group set a $14.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research note on Wednesday, December 13th. Macquarie lowered Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Thursday, December 14th. Morgan Stanley lifted their price target on Oasis Petroleum from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Guggenheim lowered Oasis Petroleum from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus target price of $12.55.

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About Oasis Petroleum

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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