Guinness Asset Management Ltd Lowers Stake in Oasis Petroleum Inc. (NYSE:OAS)

Guinness Asset Management Ltd lowered its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 800,600 shares of the energy producer’s stock after selling 60,000 shares during the quarter. Guinness Asset Management Ltd owned 0.25% of Oasis Petroleum worth $4,547,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of OAS. Norges Bank purchased a new position in Oasis Petroleum during the fourth quarter valued at approximately $18,431,000. Dimensional Fund Advisors LP lifted its holdings in shares of Oasis Petroleum by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,523,088 shares of the energy producer’s stock worth $119,023,000 after buying an additional 1,012,789 shares in the last quarter. Perella Weinberg Partners Capital Management LP lifted its holdings in shares of Oasis Petroleum by 16.1% in the first quarter. Perella Weinberg Partners Capital Management LP now owns 3,908,541 shares of the energy producer’s stock worth $23,608,000 after buying an additional 540,604 shares in the last quarter. Creative Planning lifted its holdings in shares of Oasis Petroleum by 95.2% in the first quarter. Creative Planning now owns 1,047,857 shares of the energy producer’s stock worth $6,329,000 after buying an additional 511,051 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Oasis Petroleum by 14.6% in the fourth quarter. Deutsche Bank AG now owns 3,395,533 shares of the energy producer’s stock worth $18,776,000 after buying an additional 433,834 shares in the last quarter. 91.73% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on OAS. Morgan Stanley lowered their target price on shares of Oasis Petroleum from $6.00 to $5.50 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Ifs Securities downgraded shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $8.00 to $7.00 in a report on Tuesday, April 23rd. ValuEngine raised shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 28th. Williams Capital reissued a “buy” rating and issued a $9.00 target price on shares of Oasis Petroleum in a report on Wednesday, May 8th. Finally, Stifel Nicolaus set a $14.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.18.

OAS traded down $0.16 during trading hours on Tuesday, hitting $3.77. The company’s stock had a trading volume of 363,655 shares, compared to its average volume of 9,892,802. The firm has a 50-day moving average of $5.01. Oasis Petroleum Inc. has a 12 month low of $3.80 and a 12 month high of $14.57. The firm has a market cap of $1.25 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 4.78 and a beta of 2.04. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.74.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, May 7th. The energy producer reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a positive return on equity of 1.14% and a negative net margin of 6.78%. The business had revenue of $575.73 million during the quarter, compared to the consensus estimate of $421.65 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, equities analysts predict that Oasis Petroleum Inc. will post 0.06 earnings per share for the current year.

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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