Wetherby Asset Management Inc. Makes New $62,000 Investment in Oasis Petroleum Inc. (NYSE:OAS)

Wetherby Asset Management Inc. bought a new position in shares of Oasis Petroleum Inc. (NYSE:OAS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,824 shares of the energy producer’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Enterprise Bank & Trust Co bought a new stake in Oasis Petroleum during the 3rd quarter worth approximately $35,000. Virginia Retirement Systems ET AL acquired a new position in shares of Oasis Petroleum in the 3rd quarter worth approximately $39,000. Carroll Financial Associates Inc. acquired a new position in shares of Oasis Petroleum in the 2nd quarter worth approximately $71,000. Magnus Financial Group LLC acquired a new position in shares of Oasis Petroleum in the 2nd quarter worth approximately $82,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Oasis Petroleum in the 2nd quarter worth approximately $89,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Oasis Petroleum stock traded up $0.09 during trading on Friday, reaching $3.10. 13,108,314 shares of the company traded hands, compared to its average volume of 11,353,424. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.79. Oasis Petroleum Inc. has a 1-year low of $2.41 and a 1-year high of $9.55. The company has a 50 day moving average price of $3.14 and a 200-day moving average price of $4.28. The firm has a market capitalization of $939.86 million, a PE ratio of 11.92 and a beta of 2.20.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, November 5th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). Oasis Petroleum had a net margin of 7.78% and a negative return on equity of 0.50%. The company had revenue of $482.74 million for the quarter, compared to analyst estimates of $392.16 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The firm’s revenue was down 28.4% on a year-over-year basis. Equities research analysts expect that Oasis Petroleum Inc. will post -0.02 earnings per share for the current year.

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In related news, CEO Thomas B. Nusz bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $2.76 per share, for a total transaction of $82,800.00. Following the transaction, the chief executive officer now directly owns 1,830,332 shares of the company’s stock, valued at $5,051,716.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Taylor L. Reid bought 45,060 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $2.76 per share, for a total transaction of $124,365.60. Following the transaction, the chief operating officer now directly owns 1,462,819 shares in the company, valued at $4,037,380.44. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

A number of research analysts have recently issued reports on the stock. Evercore ISI set a $9.00 price target on shares of Oasis Petroleum and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Piper Jaffray Companies set a $5.00 price target on shares of Oasis Petroleum and gave the stock a “hold” rating in a research report on Friday, August 16th. ValuEngine upgraded shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group dropped their price target on shares of Oasis Petroleum from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada set a $8.00 price target on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.81.

Oasis Petroleum Company Profile

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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