Among active positions in the latest quarter, 129 holders increased their positions by a total of 37.55 million shares, 128 holders decreased the positions by a total of 48.63 million shares, and 34 holders held their positions. To forecast a stock's future performance, analysts use momentum indicators, which take into account the size and speed of these price movements.
On a similar note, analysts expect EPS of $0.45 in September 2017 quarter and $0.47 in December 2017 quarter, representing -99.95% and 11.9% growth, respectively. The energy producer reported ($0.05) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million for the quarter, compared to analysts' expectations of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. OAS generated revenue of $238.46 Million in the same quarter, one year ago. (OAS)'s shares. The total value of these holdings, in millions, is $1,871.
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OAS has been the subject of a number of recent research reports. Guggenheim upgraded shares of Oasis Petroleum from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Thursday, March 16th. They issued a "buy" rating and a $14.00 price objective for the company. Shares of Ultra Petroleum Corp.
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Previously Oasis Petroleum Inc (NYSE:OAS) reported $-0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.06 by $0.01. Finally, Seaport Global Securities cut shares of Oasis Petroleum from a "buy" rating to a "neutral" rating and cut their price target for the stock from $18.00 to $7.00 in a research report on Wednesday, June 21st. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Finally, Canaccord Genuity reiterated a "hold" rating and issued a $13.00 target price on shares of Oasis Petroleum in a research report on Friday, February 10th.
Oasis Petroleum Inc. (OAS) has the market capitalization of $2.01 Billion.
In related news, major shareholder Fir Tree Inc. acquired 1,549,899 shares of the company's stock in a transaction on Monday, August 28th. Jefferies Group LLC reiterated a "buy" rating and issued a $17.00 target price on shares of Oasis Petroleum in a research report on Wednesday, May 17th. The company has market cap of $1.98 billion.
Large investors have recently made changes to their positions in the business. Next Fincl Inc owns 145 shares for 0% of their portfolio. Bourgeon Capital Management LLC acquired a new position in shares of Oasis Petroleum during the 2nd quarter worth $161,000. State Street Corp raised its position in Oasis Petroleum by 24.3% during the 2nd quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer's stock worth $3,723,000 after purchasing an additional 64,023 shares in the last quarter.
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Analysts are also projecting an Average Revenue Estimate for Oasis Petroleum Inc.as $260580 in the Current Quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer's stock worth $50,229,000 after purchasing an additional 2,086,400 shares in the last quarter.
Shares of Oasis Petroleum Inc. Kentucky Retirement Fund invested 0.06% of its portfolio in Fastenal Company (NASDAQ:FAST). Also, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total transaction of $96,338.45. Luminus Management Ltd Limited Liability Company holds 0.24% or 1.40 million shares in its portfolio. Corporate insiders own 2.50% of the company's stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.
Oasis Petroleum Inc is an independent exploration and production company. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming-the Pinedale and Jonah fields, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.
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