Oasis Petroleum Inc. (OAS) Sees Significant Growth in Short Interest

Oasis Petroleum Inc. (OAS) Sees Significant Growth in Short Interest

Oasis Petroleum Inc. (NYSE:OAS) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 38,855,957 shares, a growth of 11.4% from the February 15th total of 34,868,831 shares. Based on an average daily volume of 8,993,947 shares, the short-interest ratio is currently 4.3 days.

In other news, Director John E. Hagale acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was bought at an average cost of $14.05 per share, for a total transaction of $210,750.00. Following the acquisition, the director now directly owns 44,100 shares in the company, valued at $619,605. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of OAS. Dimensional Fund Advisors LP boosted its position in shares of Oasis Petroleum by 81.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,638,432 shares of the company’s stock valued at $297,326,000 after buying an additional 8,816,593 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Oasis Petroleum by 9.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,188,940 shares of the company’s stock valued at $59,517,000 after buying an additional 447,371 shares in the last quarter. Paulson & CO. Inc. purchased a new stake in Oasis Petroleum during the fourth quarter valued at approximately $78,536,000. Hermes Investment Management Ltd. raised its stake in Oasis Petroleum by 5.6% in the third quarter. Hermes Investment Management Ltd. now owns 3,927,694 shares of the company’s stock valued at $45,051,000 after buying an additional 208,942 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Oasis Petroleum by 16.6% in the third quarter. Victory Capital Management Inc. now owns 3,505,137 shares of the company’s stock valued at $40,203,000 after buying an additional 498,629 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Oasis Petroleum (NYSE:OAS) opened at 12.80 on Friday. The stock’s market cap is $3.04 billion. Oasis Petroleum has a 52 week low of $6.40 and a 52 week high of $17.08. The firm has a 50-day moving average of $13.92 and a 200 day moving average of $12.93.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Wednesday, February 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. Oasis Petroleum had a negative net margin of 27.57% and a negative return on equity of 2.98%. The firm earned $200.67 million during the quarter, compared to analysts’ expectations of $204.39 million. During the same quarter last year, the company posted $0.03 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, equities analysts forecast that Oasis Petroleum will post ($0.14) EPS for the current fiscal year.

A number of brokerages recently weighed in on OAS. Mizuho lowered shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $16.55 to $17.00 in a report on Wednesday, December 21st. Macquarie upgraded shares of Oasis Petroleum from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $13.50 to $19.00 in a report on Monday, January 9th. Zacks Investment Research upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, December 29th. Seaport Global Securities lowered shares of Oasis Petroleum from an “accumulate” rating to a “neutral” rating in a report on Friday, December 9th. Finally, KLR Group set a $22.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Wednesday, December 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. Oasis Petroleum currently has an average rating of “Buy” and an average price target of $15.05.

About Oasis Petroleum

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. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.

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