Oasis Petroleum (OAS) : Oberndorf William E has sold out all of its stake in Oasis Petroleum during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 998,800 shares of Oasis Petroleum which is valued at $9,338,780.
Other Hedge Funds, Including , Cipher Capital Lp sold out all of its stake in OAS during the most recent quarter. The investment firm sold 70,854 shares of OAS which is valued $662,485.Blackrock Institutional Trust Company N.a. boosted its stake in OAS in the latest quarter, The investment management firm added 292,813 additional shares and now holds a total of 4,741,569 shares of Oasis Petroleum which is valued at $44,333,670. Oasis Petroleum makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Royal London Asset Management Ltd boosted its stake in OAS in the latest quarter, The investment management firm added 88,018 additional shares and now holds a total of 208,522 shares of Oasis Petroleum which is valued at $1,513,870. Oasis Petroleum makes up approx 0.02% of Royal London Asset Management Ltd’s portfolio.Sanders Morris Harris boosted its stake in OAS in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 15,000 shares of Oasis Petroleum which is valued at $109,350. Oasis Petroleum makes up approx 0.03% of Sanders Morris Harris’s portfolio.First Manhattan Co boosted its stake in OAS in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 1,500 shares of Oasis Petroleum which is valued at $13,035.
Oasis Petroleum closed down -0.05 points or -0.51% at $9.82 with 1,01,66,458 shares getting traded on Tuesday. Post opening the session at $9.52, the shares hit an intraday low of $9.51 and an intraday high of $10.115 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Oasis Petroleum reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.15. The company had revenue of $179.00 million for the quarter, compared to analysts expectations of $197.16 million. The company’s revenue was down -22.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Oasis Petroleum. Oasis Petroleum was Upgraded by Raymond James to ” Strong Buy” on Aug 5, 2016. Oasis Petroleum was Upgraded by Susquehanna to ” Positive” on Aug 1, 2016. Ladenburg Thalmann Upgraded Oasis Petroleum on Jul 13, 2016 to ” Buy”, Price Target of the shares are set at $12.
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.