Sippican Capital Advisors Has $145,000 Stake in Oasis Petroleum Inc. (OAS)

Sippican Capital Advisors increased its holdings in Oasis Petroleum Inc. (NYSE:OAS) by 25.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,015 shares of the energy producer’s stock after acquiring an additional 4,842 shares during the quarter. Sippican Capital Advisors’ holdings in Oasis Petroleum were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Federated Investors Inc. PA lifted its position in Oasis Petroleum by 835.9% during the third quarter. Federated Investors Inc. PA now owns 5,060,562 shares of the energy producer’s stock valued at $71,759,000 after buying an additional 4,519,836 shares during the period. Oslo Asset Management AS lifted its position in Oasis Petroleum by 111.3% during the fourth quarter. Oslo Asset Management AS now owns 6,383,980 shares of the energy producer’s stock valued at $35,303,000 after buying an additional 3,363,280 shares during the period. Norges Bank purchased a new position in Oasis Petroleum during the fourth quarter valued at $18,431,000. Victory Capital Management Inc. lifted its position in Oasis Petroleum by 58.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,902,358 shares of the energy producer’s stock valued at $21,580,000 after buying an additional 1,434,956 shares during the period. Finally, Precocity Capital LP lifted its position in Oasis Petroleum by 68.3% during the fourth quarter. Precocity Capital LP now owns 2,525,000 shares of the energy producer’s stock valued at $13,963,000 after buying an additional 1,025,000 shares during the period. 98.65% of the stock is owned by institutional investors.

In other news, VP Michael H. Lou sold 40,000 shares of Oasis Petroleum stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $6.04, for a total transaction of $241,600.00. Following the transaction, the vice president now directly owns 536,017 shares of the company’s stock, valued at approximately $3,237,542.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.

Shares of Oasis Petroleum stock traded down $0.03 during trading hours on Thursday, reaching $5.31. 11,973,600 shares of the stock traded hands, compared to its average volume of 10,337,254. The company has a market cap of $1.70 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.10 and a beta of 2.11. Oasis Petroleum Inc. has a one year low of $4.74 and a one year high of $14.57. The company has a quick ratio of 0.85, a current ratio of 0.91 and a debt-to-equity ratio of 0.70.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Tuesday, May 7th. The energy producer reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a negative net margin of 1.71% and a positive return on equity of 2.12%. The company had revenue of $575.73 million for the quarter, compared to analysts’ expectations of $421.65 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. Research analysts anticipate that Oasis Petroleum Inc. will post 0.34 EPS for the current fiscal year.

Several equities analysts have recently weighed in on OAS shares. Williams Capital restated a “buy” rating and set a $9.00 price target on shares of Oasis Petroleum in a report on Wednesday. ValuEngine downgraded Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, May 3rd. Ifs Securities downgraded Oasis Petroleum from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $8.00 to $7.00 in a report on Tuesday, April 23rd. Capital One Financial upgraded Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a report on Wednesday, March 20th. Finally, Citigroup reduced their price objective on Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Oasis Petroleum presently has an average rating of “Hold” and an average price target of $12.88.

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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.

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

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