Hancock Holding Co. Raises Position in Oasis Petroleum Inc. (OAS)

Hancock Holding Co. increased its holdings in Oasis Petroleum Inc. (NYSE:OAS) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,471 shares of the energy producer’s stock after acquiring an additional 29,526 shares during the quarter. Hancock Holding Co. owned about 0.22% of Oasis Petroleum worth $5,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of OAS. Encap Energy Capital Fund Viii L.P. bought a new position in shares of Oasis Petroleum in the 4th quarter worth about $386,860,000. Victory Capital Management Inc. increased its stake in Oasis Petroleum by 53.7% during the 1st quarter. Victory Capital Management Inc. now owns 5,094,167 shares of the energy producer’s stock valued at $41,263,000 after purchasing an additional 1,779,729 shares in the last quarter. Keeley Teton Advisors LLC bought a new stake in Oasis Petroleum during the 4th quarter valued at about $13,909,000. Luminus Management LLC increased its stake in Oasis Petroleum by 55.9% during the 4th quarter. Luminus Management LLC now owns 3,584,787 shares of the energy producer’s stock valued at $30,148,000 after purchasing an additional 1,284,787 shares in the last quarter. Finally, Precocity Capital LP increased its stake in Oasis Petroleum by 88.7% during the 4th quarter. Precocity Capital LP now owns 2,500,000 shares of the energy producer’s stock valued at $21,025,000 after purchasing an additional 1,175,000 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Shares of OAS stock opened at $12.76 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.63 and a quick ratio of 0.59. The company has a market capitalization of $4.08 billion, a PE ratio of 638.00, a P/E/G ratio of 2.20 and a beta of 2.11. Oasis Petroleum Inc. has a 52 week low of $6.69 and a 52 week high of $13.70.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Monday, May 7th. The energy producer reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $421.20 million for the quarter, compared to the consensus estimate of $370.13 million. Oasis Petroleum had a net margin of 7.26% and a return on equity of 1.39%. The firm’s revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share. equities research analysts anticipate that Oasis Petroleum Inc. will post 0.39 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Oasis Petroleum from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, May 1st. Williams Capital set a $13.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Monday, April 30th. Stifel Nicolaus set a $10.00 price objective on shares of Oasis Petroleum and gave the company a “hold” rating in a research note on Monday, April 23rd. KeyCorp raised their price objective on shares of Oasis Petroleum from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, May 24th. Finally, Stephens restated a “buy” rating and set a $13.00 price objective on shares of Oasis Petroleum in a research note on Thursday, March 15th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $12.85.

In related news, insider Taylor L. Reid sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $12.22, for a total value of $366,600.00. Following the transaction, the insider now owns 1,232,534 shares of the company’s stock, valued at $15,061,565.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael H. Lou sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $12.27, for a total transaction of $196,320.00. Following the completion of the transaction, the vice president now directly owns 434,959 shares in the company, valued at approximately $5,336,946.93. The disclosure for this sale can be found here. In the last three months, insiders sold 65,181 shares of company stock worth $791,174. 1.50% of the stock is currently owned by insiders.

Oasis Petroleum Company Profile

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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

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