Bridgeway Capital Management Inc. Sells 100,000 Shares of Oasis Petroleum Inc. (OAS)

Bridgeway Capital Management Inc. cut its holdings in shares of Oasis Petroleum Inc. (NYSE:OAS) by 22.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,000 shares of the energy producer’s stock after selling 100,000 shares during the period. Bridgeway Capital Management Inc.’s holdings in Oasis Petroleum were worth $4,963,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Piedmont Investment Advisors LLC increased its stake in Oasis Petroleum by 6.8% during the second quarter. Piedmont Investment Advisors LLC now owns 73,286 shares of the energy producer’s stock worth $951,000 after purchasing an additional 4,680 shares during the period. Ashburton Jersey Ltd increased its stake in shares of Oasis Petroleum by 4.9% during the third quarter. Ashburton Jersey Ltd now owns 118,700 shares of the energy producer’s stock worth $1,683,000 after buying an additional 5,520 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Oasis Petroleum by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 25,567 shares of the energy producer’s stock worth $334,000 after buying an additional 5,719 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Oasis Petroleum by 32.9% during the second quarter. Tower Research Capital LLC TRC now owns 23,405 shares of the energy producer’s stock worth $303,000 after buying an additional 5,794 shares during the period. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Oasis Petroleum by 96.9% during the third quarter. Cornerstone Wealth Management LLC now owns 18,268 shares of the energy producer’s stock worth $2,167,000 after buying an additional 8,990 shares during the period.

Shares of OAS opened at $7.14 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55. The company has a market capitalization of $2.39 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.22 and a beta of 2.22. Oasis Petroleum Inc. has a 52-week low of $7.01 and a 52-week high of $14.57.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The business had revenue of $546.50 million during the quarter, compared to analyst estimates of $455.65 million. Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. The firm’s revenue for the quarter was up 79.4% compared to the same quarter last year. On average, sell-side analysts predict that Oasis Petroleum Inc. will post 0.41 EPS for the current fiscal year.

A number of analysts recently weighed in on OAS shares. Stifel Nicolaus upped their target price on shares of Oasis Petroleum from $10.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, August 7th. SunTrust Banks set a $12.00 target price on shares of Oasis Petroleum and gave the stock a “sell” rating in a research note on Wednesday, August 8th. Morgan Stanley upped their target price on shares of Oasis Petroleum from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. KLR Group restated a “buy” rating and set a $18.00 target price on shares of Oasis Petroleum in a research note on Monday, August 20th. Finally, Seaport Global Securities restated a “buy” rating on shares of Oasis Petroleum in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $14.50.

In related news, insider Taylor L. Reid sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $8.04, for a total value of $241,200.00. Following the completion of the transaction, the insider now directly owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

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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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