Oasis Petroleum (OAS) : Oberndorf William E scooped up 300 additional shares in Oasis Petroleum during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 998,800 shares of Oasis Petroleum which is valued at $9,418,684.Oasis Petroleum makes up approximately 21.26% of Oberndorf William E’s portfolio.
Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in OAS in the latest quarter, The investment management firm added 80,261 additional shares and now holds a total of 683,404 shares of Oasis Petroleum which is valued at $6,444,500. Oasis Petroleum makes up approx 0.01% of Blackrock Investment Management’s portfolio. Princeton Alpha Management Lp added OAS to its portfolio by purchasing 21,592 company shares during the most recent quarter which is valued at $186,987. Oasis Petroleum makes up approx 0.03% of Princeton Alpha Management Lp’s portfolio.American Century Companies Inc reduced its stake in OAS by selling 75,030 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 1,314,940 shares of OAS which is valued at $11,387,380. Oasis Petroleum makes up approx 0.01% of American Century Companies Inc’s portfolio. Aperio Group added OAS to its portfolio by purchasing 24,485 company shares during the most recent quarter which is valued at $237,260.Curian Capital reduced its stake in OAS by selling 33,875 shares or 73.83% in the most recent quarter. The Hedge Fund company now holds 12,006 shares of OAS which is valued at $116,338. Oasis Petroleum makes up approx 0.01% of Curian Capital’s portfolio.
Oasis Petroleum opened for trading at $9.7 and hit $10.14 on the upside on Monday, eventually ending the session at $9.65, with a gain of 2.33% or 0.22 points. The heightened volatility saw the trading volume jump to 1,08,12,415 shares. Company has a market cap of $1,741 M.
On the company’s financial health, Oasis Petroleum reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.17. The company had revenue of $130.30 million for the quarter, compared to analysts expectations of $179.63 million. The company’s revenue was down -27.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on Oasis Petroleum. Company shares were Reiterated by Wunderlich on May 11, 2016 to “Hold”, Firm has raised the Price Target to $ 8 from a previous price target of $4 .Company shares were Reiterated by Topeka Capital Markets on May 10, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $10 .Oasis Petroleum was Upgraded by Jefferies to ” Buy” on May 10, 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.