Oasis Petroleum Inc. (OAS) Position Raised by Deutsche Bank AG

Deutsche Bank AG grew its position in Oasis Petroleum Inc. (NYSE:OAS) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,395,533 shares of the energy producer’s stock after acquiring an additional 433,834 shares during the period. Deutsche Bank AG owned about 1.05% of Oasis Petroleum worth $18,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in OAS. PNC Financial Services Group Inc. raised its position in shares of Oasis Petroleum by 36.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock valued at $44,000 after buying an additional 2,129 shares in the last quarter. Piedmont Investment Advisors Inc. acquired a new position in shares of Oasis Petroleum in the 4th quarter valued at approximately $66,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Oasis Petroleum in the 4th quarter valued at approximately $81,000. CWM Advisors LLC acquired a new position in shares of Oasis Petroleum in the 4th quarter valued at approximately $89,000. Finally, LPL Financial LLC raised its position in shares of Oasis Petroleum by 60.7% in the 4th quarter. LPL Financial LLC now owns 16,389 shares of the energy producer’s stock valued at $91,000 after buying an additional 6,191 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Shares of NYSE OAS traded up $0.12 during midday trading on Friday, reaching $5.51. The stock had a trading volume of 9,142,419 shares, compared to its average volume of 10,185,188. The company has a market capitalization of $1.77 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.21 and a beta of 2.12. Oasis Petroleum Inc. has a twelve month low of $4.74 and a twelve month high of $14.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.85 and a current ratio of 0.91.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Tuesday, February 26th. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a positive return on equity of 2.12% and a negative net margin of 1.71%. The firm had revenue of $599.80 million during the quarter, compared to analyst estimates of $429.45 million. During the same quarter last year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. Analysts forecast that Oasis Petroleum Inc. will post 0.34 earnings per share for the current year.

In related news, VP Michael H. Lou sold 40,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total transaction of $241,600.00. Following the transaction, the vice president now owns 536,017 shares in the company, valued at approximately $3,237,542.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

OAS has been the subject of several analyst reports. Jefferies Financial Group dropped their target price on shares of Oasis Petroleum from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Zacks Investment Research lowered shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Friday, January 11th. ValuEngine raised shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 19th. Capital One Financial raised shares of Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a report on Wednesday, March 20th. Finally, Raymond James set a $12.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. Oasis Petroleum currently has a consensus rating of “Hold” and a consensus price target of $12.94.

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About Oasis Petroleum

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.

Further Reading: Green Investing

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

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