Columbia Pacific Advisors Lowers stake in Oasis Petroleum (OAS)

Oasis Petroleum (OAS) : Columbia Pacific Advisors reduced its stake in Oasis Petroleum by 1.67% during the most recent quarter end. The investment management company now holds a total of 337,607 shares of Oasis Petroleum which is valued at $3,990,515 after selling 5,735 shares in Oasis Petroleum , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Oasis Petroleum makes up approximately 3.27% of Columbia Pacific Advisors’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al reduced its stake in OAS by selling 24,642 shares or 67.99% in the most recent quarter. The Hedge Fund company now holds 11,600 shares of OAS which is valued at $137,112.Dimensional Fund Advisors Lp boosted its stake in OAS in the latest quarter, The investment management firm added 6,355,884 additional shares and now holds a total of 10,821,839 shares of Oasis Petroleum which is valued at $129,862,068. Oasis Petroleum makes up approx 0.07% of Dimensional Fund Advisors Lp’s portfolio.Advisor Group reduced its stake in OAS by selling 2,060 shares or 75.87% in the most recent quarter. The Hedge Fund company now holds 655 shares of OAS which is valued at $7,998.California State Teachers Retirement System boosted its stake in OAS in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 376,843 shares of Oasis Petroleum which is valued at $4,601,253. Oasis Petroleum makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Phoenix Investment Adviser boosted its stake in OAS in the latest quarter, The investment management firm added 11,000 additional shares and now holds a total of 33,000 shares of Oasis Petroleum which is valued at $328,680. Oasis Petroleum makes up approx 0.59% of Phoenix Investment Adviser’s portfolio.

Oasis Petroleum opened for trading at $12.19 and hit $12.45 on the upside on Monday, eventually ending the session at $12.37, with a gain of 2.74% or 0.33 points. The heightened volatility saw the trading volume jump to 84,24,650 shares. Company has a market cap of $2,924 M.

On the company’s financial health, Oasis Petroleum reported $-0.19 EPS for the quarter, based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus estimate of $-0.19. The company had revenue of $177.13 million for the quarter, compared to analysts expectations of $185.30 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Oasis Petroleum. Company shares were Upgraded by Wunderlich on Nov 9, 2016 to ” Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .Oasis Petroleum was Upgraded by Tudor Pickering to ” Buy” on Oct 20, 2016. Oasis Petroleum was Upgraded by Piper Jaffray to ” Overweight” on Oct 19, 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 Company’s 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.

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