Oasis Petroleum Inc. (OAS) Sets 52-Week High; Strong Momentum for Holders

May 17, 2018 - By John Moody

Investors sentiment increased to 1.47 in 2017 Q4. Its up 0.44, from 1.03 in 2017Q3. It increased, as 35 investors sold Oasis Petroleum Inc. shares while 50 reduced holdings. 51 funds opened positions while 74 raised stakes. 224.26 million shares or 5.34% more from 212.89 million shares in 2017Q3 were reported.
Moreover, Broadview Advsr Ltd has 0.86% invested in Oasis Petroleum Inc. (NYSE:OAS) for 719,725 shares. Citigroup holds 141,795 shares or 0% of its portfolio. Moreover, Secor Capital Advsr Ltd Partnership has 0.02% invested in Oasis Petroleum Inc. (NYSE:OAS). Gluskin Sheff Assocs reported 0.21% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Columbia Pacific Advsrs Ltd Com stated it has 3.5% in Oasis Petroleum Inc. (NYSE:OAS). Barrow Hanley Mewhinney & Strauss Llc owns 107,985 shares for 0% of their portfolio. Atlantic Tru reported 500 shares. Art Limited Liability invested in 0.02% or 49,300 shares. Nomura accumulated 0% or 49,902 shares. Hbk Investments Limited Partnership reported 526,491 shares or 0.04% of all its holdings. Cambridge Investment Research holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 15,482 shares. 9.21M were reported by Alliancebernstein Lp. Thompson Davis & Inc invested in 0% or 250 shares. California State Teachers Retirement reported 0.01% stake. Cypress Capital Mngmt Lc (Wy) owns 6,380 shares.

The stock of Oasis Petroleum Inc. (NYSE:OAS) hit a new 52-week high and has $13.49 target or 6.00 % above today’s $12.73 share price. The 5 months bullish chart indicates low risk for the $4.04 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $13.49 price target is reached, the company will be worth $242.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.37% or $0.415 during the last trading session, reaching $12.725. About 6.88 million shares traded. Oasis Petroleum Inc. (NYSE:OAS) has declined 35.79% since May 17, 2017 and is downtrending. It has underperformed by 47.34% the S&P500.

Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on August, 1. They expect $0.07 earnings per share, up 240.00 % or $0.12 from last year’s $-0.05 per share. OAS’s profit will be $22.21 million for 45.45 P/E if the $0.07 EPS becomes a reality. After $0.10 actual earnings per share reported by Oasis Petroleum Inc. for the previous quarter, Wall Street now forecasts -30.00 % negative EPS growth.

Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage

Among 22 analysts covering Oasis Petroleum Inc (NYSE:OAS), 13 have Buy rating, 2 Sell and 7 Hold. Therefore 59% are positive. Oasis Petroleum Inc had 38 analyst reports since November 21, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, March 7 by Jefferies. The stock has “Buy” rating by Jefferies on Monday, March 19. Morgan Stanley maintained Oasis Petroleum Inc. (NYSE:OAS) rating on Wednesday, December 13. Morgan Stanley has “Equal-Weight” rating and $11 target. The stock of Oasis Petroleum Inc. (NYSE:OAS) earned “Buy” rating by Stephens on Tuesday, March 13. The firm earned “Overweight” rating on Wednesday, April 18 by JP Morgan. As per Tuesday, May 8, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating given on Wednesday, February 28 by Williams Capital Group. Williams Capital Group maintained Oasis Petroleum Inc. (NYSE:OAS) rating on Tuesday, December 12. Williams Capital Group has “Buy” rating and $13.0 target. As per Thursday, March 8, the company rating was downgraded by Bank of America. As per Monday, April 23, the company rating was maintained by Stifel Nicolaus.

Another recent and important Oasis Petroleum Inc. (NYSE:OAS) news was published by Streetinsider.com which published an article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018.

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The company has market cap of $4.04 billion. As of December 31, 2016, the firm had 517,801 net leasehold acres in the Williston Basin; and approximately 305.1 million barrels of oil equivalent of estimated net proved reserves. It has a 24.47 P/E ratio. It also operates midstream services and a well services businesses.

Oasis Petroleum Inc. (NYSE:OAS) Institutional Positions Chart

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