The stock of Oasis Petroleum Inc. (NYSE:OAS) is a huge mover today! About 5.34 million shares traded hands. Oasis Petroleum Inc. (NYSE:OAS) has risen 34.93% since April 13, 2016 and is uptrending. It has outperformed by 31.00% the S&P500.
The move comes after 6 months positive chart setup for the $3.01 billion company. It was reported on Nov, 15 by Barchart.com. We have $20.00 PT which if reached, will make NYSE:OAS worth $1.78 billion more.
Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage
Out of 27 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 17 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 63% are positive. Oasis Petroleum Inc. has been the topic of 79 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, June 14. The rating was maintained by Canaccord Genuity on Thursday, August 6 with “Hold”. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. Wunderlich maintained the shares of OAS in a report on Wednesday, May 11 with “Hold” rating. The firm earned “Buy” rating on Thursday, August 6 by Wunderlich. Citigroup maintained Oasis Petroleum Inc. (NYSE:OAS) rating on Tuesday, May 17. Citigroup has “Neutral” rating and $12 price target. Piper Jaffray initiated Oasis Petroleum Inc. (NYSE:OAS) on Friday, June 10 with “Neutral” rating. The rating was downgraded by UBS on Tuesday, December 15 to “Neutral”. The firm has “Neutral” rating given on Tuesday, January 26 by Susquehanna. The rating was upgraded by Deutsche Bank on Thursday, November 10 to “Buy”.
According to Zacks Investment Research, “Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. The Company is currently focused on exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of its acreage. Oasis Petroleum Inc. is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.13, from 1.33 in 2016Q1. The ratio fall, as 40 funds sold all Oasis Petroleum Inc. shares owned while 56 reduced positions. 48 funds bought stakes while 67 increased positions. They now own 155.56 million shares or 0.09% more from 155.43 million shares in 2016Q1.
First Tru Advisors Lp holds 0.01% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 231,855 shares. Blackrock holds 0% or 55,221 shares in its portfolio. Strs Ohio has 8,600 shares for 0% of their US portfolio. Wfg Advsrs L P reported 4,501 shares or 0.01% of all its holdings. Moreover, Allianz Asset Mgmt Ag has 0% invested in Oasis Petroleum Inc. (NYSE:OAS) for 420,000 shares. Trexquant Lp has invested 0.02% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). The New York-based Vollero Beach Partners Ltd Com has invested 0.35% in Oasis Petroleum Inc. (NYSE:OAS). Citigroup holds 0% or 155,134 shares in its portfolio. Nationwide Fund Advsrs holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 118,512 shares. Leuthold Limited Liability Company, a Minnesota-based fund reported 88,086 shares. Sir Lp, a New York-based fund reported 1.35M shares. Mairs & owns 176,800 shares or 0.02% of their US portfolio. Guggenheim Capital Limited Liability Company holds 0.03% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 865,839 shares. Legal & General Group Plc has 154,118 shares for 0% of their US portfolio. Fund Mngmt reported 153,440 shares or 0.01% of all its holdings.
Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 4 sales for $36.93 million net activity. $34.40 million worth of Oasis Petroleum Inc. (NYSE:OAS) was sold by SPO ADVISORY CORP on Tuesday, October 4. Reid Taylor L had sold 50,000 shares worth $507,500. Shares for $1.78M were sold by Nusz Thomas B on Wednesday, August 10.
Another recent and important Oasis Petroleum Inc. (NYSE:OAS) news was published by Prnewswire.com which published an article titled: “Oasis Petroleum Inc. Announces Public Offering of Common Stock” on October 18, 2016.
OAS Company Profile
Oasis Petroleum Inc., incorporated on February 25, 2010, is an independent exploration and production company. The Firm 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 divisions include Exploration and Production, Well Services, and Midstream Services. The exploration and production segment is engaged in the acquisition and development of oil and natural gas properties. The well services business segment (OWS) performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA). The midstream services business segment (OMS) performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA. The Company’s projects include Williston Basin, West Williston and East Nesson. The Firm also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).
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