Oasis Petroleum (OAS) : Smith Affiliated Capital Corp. scooped up 1,000 additional shares in Oasis Petroleum during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 8,000 shares of Oasis Petroleum which is valued at $69,040.Oasis Petroleum makes up approximately 0.04% of Smith Affiliated Capital Corp.’s portfolio.
Oasis Petroleum closed down -0.34 points or -3.79% at $8.63 with 96,08,830 shares getting traded on Friday. Post opening the session at $8.75, the shares hit an intraday low of $8.52 and an intraday high of $8.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Lenox Wealth Advisors sold out all of its stake in OAS during the most recent quarter. The investment firm sold 62 shares of OAS which is valued $535.Creative Planning boosted its stake in OAS in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 22,571 shares of Oasis Petroleum which is valued at $183,728.Ct Financial Advisors reduced its stake in OAS by selling 2,200 shares or 59.46% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of OAS which is valued at $12,210. Oasis Petroleum makes up approx 0.01% of Ct Financial Advisors’s portfolio.
On the company’s financial health, Oasis Petroleum reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.06. The company had revenue of $182.10 million for the quarter, compared to analysts expectations of $240.19 million. The company’s revenue was down -39.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Oasis Petroleum. Oasis Petroleum was Upgraded by Goldman to ” Neutral” on Mar 11, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 9 from a previous price target of $10 .Oasis Petroleum was Downgraded by Wunderlich to ” Hold” on Jan 28, 2016.
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. The Companys core projects include Williston Basin West Williston East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons including the Bakken Three Forks Madison and Red River formations. The Company controls 357584 net acres in the West Williston project area. The Company controls 147919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.