Legal & General Group Plc Grows Position in Oasis Petroleum Inc. (OAS)

Legal & General Group Plc lifted its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 1.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 398,446 shares of the energy producer’s stock after acquiring an additional 3,935 shares during the period. Legal & General Group Plc’s holdings in Oasis Petroleum were worth $5,650,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Oasis Petroleum by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 27,628,999 shares of the energy producer’s stock valued at $391,779,000 after acquiring an additional 462,112 shares during the period. Vanguard Group Inc lifted its position in shares of Oasis Petroleum by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 27,628,999 shares of the energy producer’s stock valued at $391,779,000 after acquiring an additional 462,112 shares during the period. GMT Capital Corp lifted its position in shares of Oasis Petroleum by 43.1% during the 2nd quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock valued at $200,613,000 after acquiring an additional 4,655,700 shares during the period. Northern Trust Corp lifted its position in shares of Oasis Petroleum by 22.8% during the 2nd quarter. Northern Trust Corp now owns 5,238,348 shares of the energy producer’s stock valued at $67,941,000 after acquiring an additional 974,014 shares during the period. Finally, Federated Investors Inc. PA lifted its position in shares of Oasis Petroleum by 835.9% during the 3rd quarter. Federated Investors Inc. PA now owns 5,060,562 shares of the energy producer’s stock valued at $71,759,000 after acquiring an additional 4,519,836 shares during the period. Institutional investors own 97.42% of the company’s stock.

A number of research firms recently issued reports on OAS. LADENBURG THALM/SH SH set a $18.00 target price on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, October 1st. Oppenheimer assumed coverage on shares of Oasis Petroleum in a report on Wednesday, October 3rd. They set a “market perform” rating on the stock. Piper Jaffray Companies restated an “overweight” rating on shares of Oasis Petroleum in a report on Friday, September 28th. Morgan Stanley lowered their price objective on shares of Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 26th. Finally, Wolfe Research upgraded shares of Oasis Petroleum from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 17th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. Oasis Petroleum has an average rating of “Hold” and a consensus price target of $13.95.

Shares of OAS stock opened at $6.33 on Friday. The stock has a market capitalization of $2.09 billion, a PE ratio of 316.50, a PEG ratio of 0.65 and a beta of 2.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55. Oasis Petroleum Inc. has a one year low of $4.74 and a one year high of $14.57.

Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The firm had revenue of $546.50 million during the quarter, compared to analysts’ expectations of $455.65 million. Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. The company’s quarterly revenue was up 79.4% compared to the same quarter last year. On average, equities research analysts anticipate that Oasis Petroleum Inc. will post 0.38 earnings per share for the current fiscal year.

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

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About Oasis Petroleum

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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