What’s Ahead for Oasis Petroleum Inc. (OAS) After Reaching 52-Week High?

May 17, 2018 - By Christine McCrea

Investors sentiment increased to 1.47 in Q4 2017. 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.
California State Teachers Retirement reported 0.01% in Oasis Petroleum Inc. (NYSE:OAS). 3.28 million were reported by Renaissance Technologies Ltd Com. Comml Bank Of Ny Mellon Corporation owns 0.01% invested in Oasis Petroleum Inc. (NYSE:OAS) for 3.89 million shares. Waddell And Reed Financial has invested 0.04% in Oasis Petroleum Inc. (NYSE:OAS). Millennium Lc holds 0.13% or 11.12M shares in its portfolio. Group Incorporated One Trading Lp holds 0.01% in Oasis Petroleum Inc. (NYSE:OAS) or 130,498 shares. Prudential Financial reported 26,743 shares or 0% of all its holdings. Gluskin Sheff And Assoc Inc has 0.21% invested in Oasis Petroleum Inc. (NYSE:OAS). Guinness Asset Management accumulated 540,000 shares or 0.95% of the stock. Moreover, Benjamin F Edwards And Co Inc has 0% invested in Oasis Petroleum Inc. (NYSE:OAS). First Mercantile Trust Company accumulated 21,890 shares. Secor Cap Limited Partnership has 0.02% invested in Oasis Petroleum Inc. (NYSE:OAS) for 55,512 shares. Sprott has 17,800 shares for 0.04% of their portfolio. Prelude Cap Mngmt holds 0.15% or 217,121 shares in its portfolio. Sg Americas Llc invested in 554,949 shares or 0.04% of the stock.

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 6.88M 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 EPS, up 240.00 % or $0.12 from last year’s $-0.05 per share. OAS’s profit will be $22.21M for 45.45 P/E if the $0.07 EPS becomes a reality. After $0.10 actual EPS 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 rating was maintained by Stifel Nicolaus on Tuesday, May 8 with “Hold”. SunTrust maintained Oasis Petroleum Inc. (NYSE:OAS) on Wednesday, February 28 with “Hold” rating. The firm earned “Underperform” rating on Thursday, March 8 by Bank of America. The stock of Oasis Petroleum Inc. (NYSE:OAS) has “Buy” rating given on Tuesday, December 12 by Jefferies. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, May 8 report. The rating was maintained by Piper Jaffray on Wednesday, December 13 with “Buy”. The firm has “Buy” rating by Susquehanna given on Thursday, April 19. Guggenheim downgraded Oasis Petroleum Inc. (NYSE:OAS) on Wednesday, December 13 to “Neutral” rating. As per Tuesday, May 8, the company rating was maintained by Williams Capital Group. SunTrust downgraded the shares of OAS in report on Monday, April 23 to “Sell” rating.

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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