Confidence in Oasis Petroleum (NYSE:OAS) Shares by Evercore ISI Fall.

September 8, 2018 - By Robert Shackelford

Investors sentiment decreased to 1.19 in 2018 Q1. Its down 0.28, from 1.47 in 2017Q4. It is negative, as 33 investors sold Oasis Petroleum Inc. shares while 58 reduced holdings. 40 funds opened positions while 68 raised stakes. 234.82 million shares or 4.71% more from 224.26 million shares in 2017Q4 were reported.

Pub Employees Retirement Association Of Colorado stated it has 33,064 shares. Texas-based Vaughan Nelson Invest Mngmt L P has invested 0.23% in Oasis Petroleum Inc. (NYSE:OAS). State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 99,403 shares. Mairs Power Inc reported 521,820 shares stake. Bank & Trust Of New York Mellon Corporation invested 0.01% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Manufacturers Life The stated it has 198,240 shares. Nj State Employees Deferred Compensation Plan owns 70,000 shares or 0.1% of their US portfolio. Moore L P holds 925,000 shares or 0.15% of its portfolio. Canada Pension Plan Board has invested 0% in Oasis Petroleum Inc. (NYSE:OAS). Bluefin Trading Lc reported 29,000 shares. Moreover, Corecommodity Mgmt Lc has 1.15% invested in Oasis Petroleum Inc. (NYSE:OAS) for 187,275 shares. Hbk Invests Limited Partnership invested 0.02% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Tower Limited Company (Trc) holds 17,611 shares. San Francisco Sentry Grp Incorporated (Ca) accumulated 80,000 shares. Two Sigma Securities Limited Co reported 26,584 shares stake.

Since May 15, 2018, it had 0 insider purchases, and 3 selling transactions for $791,174 activity. On Tuesday, May 15 the insider Lou Michael H sold $196,320. Reid Taylor L sold 30,000 shares worth $366,600.

Oasis Petroleum (NYSE:OAS) Receives a Downgrade

In a research note shared with investors on Friday, 7 September, stock analysts at Evercore ISI’s equities division cut the rating for Oasis Petroleum (NYSE:OAS) shares from the previous “Outperform” to a “In-line”.

Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage

Among 15 analysts covering Oasis Petroleum (NYSE:OAS), 10 have Buy rating, 2 Sell and 3 Hold. Therefore 67% are positive. Oasis Petroleum has $20 highest and $9.5 lowest target. $14.88’s average target is 21.17% above currents $12.28 stock price. Oasis Petroleum had 28 analyst reports since March 8, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 19 by Susquehanna. The stock of Oasis Petroleum Inc. (NYSE:OAS) has “Buy” rating given on Tuesday, March 13 by Stephens. The rating was maintained by Williams Capital Group with “Buy” on Tuesday, May 8. Jefferies maintained the stock with “Buy” rating in Monday, March 19 report. The firm has “Overweight” rating given on Tuesday, May 8 by KeyBanc Capital Markets. Susquehanna downgraded Oasis Petroleum Inc. (NYSE:OAS) on Monday, July 9 to “Neutral” rating. Stephens maintained Oasis Petroleum Inc. (NYSE:OAS) on Tuesday, April 24 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, May 8. The rating was maintained by Williams Capital Group with “Buy” on Monday, May 21. As per Tuesday, May 8, the company rating was maintained by Stifel Nicolaus.

The stock decreased 0.65% or $0.08 during the last trading session, reaching $12.28. About 8.87 million shares traded or 28.63% up from the average. Oasis Petroleum Inc. (NYSE:OAS) has risen 16.71% since September 8, 2017 and is uptrending. It has outperformed by 4.14% the S&P500.

Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on November, 6. OAS’s profit will be $34.98M for 27.91 P/E if the $0.11 EPS becomes a reality. After $0.10 actual earnings per share reported by Oasis Petroleum Inc. for the previous quarter, Wall Street now forecasts 10.00 % EPS growth.

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 $3.91 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 currently has negative earnings. It also operates midstream services and a well services businesses.

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

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