Oasis Petroleum Inc. (NASDAQ: OAS) Seen Running Too Hot, Let’s Look At This More Closely

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GLBE Stock

Charles Schwab Investment Managem.. recently announced the acquisition of new stake in Oasis Petroleum Inc. (NASDAQ:OAS). The institutional investor has increased its shareholding in the Energy company by 50.65% to 9.12 million shares with purchase of 3.07 million shares. This fresh investment now brings its stake to 2.81% valued currently at $5.83 million. In addition, Arrowstreet Capital LP raised its holdings by 7.67 million to 7.82 million shares. And Hermes Investment Management Ltd. has lifted its position by 0.34% or 17214.0 shares – to 5.15 million shares.

With over 9.77 million Oasis Petroleum Inc. (OAS) shares trading Friday and a closing price of $0.60 on the day, the dollar volume was approximately $5.86 million. The shares have shown a positive weekly performance of 0.23% and its price on 08/28/20 gained nearly 0.73%. Currently, there are 317.63M common shares owned by the public and among those 295.02M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 17 analysts who have offered their price forecasts for OAS have a consensus price objective of $0.72. The analysts have set the share’s price value over the next 12 months at a high of $2.40 and a low of $0.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Oasis Petroleum Inc. stock is 3.60 for the next 12 months. But an upside of 75.0% will see the stock hit the forecast high price target while mean target price for the stock is $0.50.

Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 1,228,647 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 1,153,179 shares.

The top 3 mutual fund holders in Oasis Petroleum Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Schwab Fundamental US Small Compa. iShares Core S&P Small Cap ETF owns 18.16 million shares of the company’s stock, all valued at over $11.62 million. The company bought an additional 64890.0 shares recently to bring their total holdings to about 5.61% of the shares outstanding. Schwab Fundamental US Small Compa sold 2937.0 shares to bring its total holdings to over 5.08 million shares at a value of $3.25 million. Schwab Fundamental US Small Compa now owns shares totaling to 1.57% of the shares outstanding.

Shares of Oasis Petroleum Inc. (NASDAQ: OAS) opened at $0.5991, down -$0.0 from a prior closing price of $0.60. However, the script later closed the day at $0.60, up 0.73%. The company’s stock has a 5-day price change of 0.23% and 20.52% over the past three months. OAS shares are trading -81.46% year to date (YTD), with the 12-month market performance down to -81.74% lower. It has a 12-month low price of $0.24 and touched a high of $4.87 over the same period. Currently, 9.77 million shares have been traded, compared to an average intraday trading volume of 33.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.35%, -17.20%, and -56.30% respectively.

Institutional ownership of Oasis Petroleum Inc. (NASDAQ: OAS) shares accounts for 53.40% of the company’s 317.63M shares outstanding. Mutual fund holders own 17.56%, while other institutional holders and individual stakeholders account for 32.20% and 13.55% respectively.

It has a market capitalization of $192.73M and a beta (3y monthly) value of 3.78. The earnings-per-share (ttm) stands at -$14.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.94% over the week and 7.65% over the month.

Analysts forecast that Oasis Petroleum Inc. (OAS) will achieve an EPS of $Direxion Financial Bull 3X Shar for the current quarter, $41.03 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Hasbro, Inc. while analysts give the company a high EPS estimate of $One Stop Systems, Inc. Comparatively, EPS for the current quarter was $Oasis Midstream Partners LP a year ago. Earnings per share for the fiscal year are expected to decrease by -274.40%, and -25.80% over the next financial year. EPS should grow at an annualized rate of 10.11% over the next five years, compared to -15.80% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 17 brokerage firm advisors rate Oasis Petroleum Inc. (OAS) as a “Hold” at a consensus score of 3.60. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 5 of the 17 advise that investors “hold,” and 8 rated it as a “Sell.”

Looking at the support for the OAS, a number of firms have released research notes about the stock. MKM Partners stated their Neutral rating for the stock in a research note on August 06, 2020, with the firm’s price target at. Citigroup coverage for the Oasis Petroleum Inc. (OAS) stock in a research note released on June 09, 2020 offered a Sell rating with a price target of. Tudor Pickering was of a view on May 01, 2020 that the stock is Sell, while Siebert Williams Shank gave the stock Sell rating on May 01, 2020, issuing a price target of $0.25. Piper Sandler on their part issued Underweight rating on March 31, 2020.


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