Oasis Petroleum Inc. (OAS) Short Interest Down 20.6% in December

Oasis Petroleum Inc. (NYSE:OAS) was the recipient of a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 26,992,463 shares, a decline of 20.6% from the December 15th total of 33,979,529 shares. Currently, 10.2% of the company’s shares are sold short. Based on an average trading volume of 10,546,299 shares, the days-to-cover ratio is currently 2.6 days.

Oasis Petroleum (NYSE OAS) opened at $8.84 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77. The company has a market cap of $2,100.00, a price-to-earnings ratio of -34.00 and a beta of 2.33. Oasis Petroleum has a one year low of $6.69 and a one year high of $15.27.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million for the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company’s quarterly revenue was up 71.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) EPS. analysts anticipate that Oasis Petroleum will post -0.05 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Amalgamated Bank increased its position in Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock valued at $238,000 after purchasing an additional 323 shares during the period. Ameritas Investment Partners Inc. increased its position in Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock valued at $166,000 after purchasing an additional 1,089 shares during the period. Energy Opportunities Capital Management LLC increased its position in Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock valued at $610,000 after purchasing an additional 2,062 shares during the period. Advisory Services Network LLC increased its position in Oasis Petroleum by 14.1% during the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock valued at $156,000 after purchasing an additional 2,400 shares during the period. Finally, Hancock Holding Co. increased its position in Oasis Petroleum by 0.4% during the 2nd quarter. Hancock Holding Co. now owns 687,676 shares of the energy producer’s stock valued at $5,536,000 after purchasing an additional 2,434 shares during the period. 82.75% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on OAS shares. BMO Capital Markets set a $11.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 24th. Evercore ISI upgraded shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. KeyCorp restated an “overweight” rating on shares of Oasis Petroleum in a report on Wednesday, November 8th. Morgan Stanley lowered their price objective on shares of Oasis Petroleum from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Finally, Cowen restated a “buy” rating and issued a $12.00 price objective on shares of Oasis Petroleum in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.55.

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About Oasis Petroleum

Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.

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