The stock last traded at $9.45 which is a tad above $8.69, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $8.99. The 50 day moving average was up by +8.70% and the 200 day average was up $0.46. Trading volume for Oasis Petroleum Inc. was 6,713K on Tuesday. Shares saw a steep decrease in trading volume of 1.42% under the normal average daily volume.
Traders are more bullish lately as implied by the motion in short interest. The company recorded a fall in short interest of -0.16% as of the latest report on October 13, 2017. Short shares fell 64,045 over that period. Days to cover increased from 5.0 to 6.0 and the percentage of shorted shares is 0.17% as of October 13.
Here are a few substantial investment firms who have updated their positions. Aperio Group, LLC grew its ownership by buying 5,825 shares an increase of 19.7%. Aperio Group, LLC currently owns 35,361 shares valued at $322,000. The total value of its holdings increased 35.3%. Nj State Employees Deferred Compensation Plan expanded its position by buying 50,000 shares an increase of 250.0% as of 09/30/2017. Nj State Employees Deferred Compensation Plan claims 70,000 shares with a value of $638,000. The value of the position overall is up by 296.3%.
As of the end of the quarter Raymond James Financial Services Advisors, Inc. had sold a total of 51,258 shares trimming its holdings by 3.9%. The value in dollars increased from $10,706,000 to $11,662,000 a change of 8.9% for the reporting period. Artemis Investment Management LLP divested its holdings by shedding 17,108 shares a decrease of 14.7% in the quarter. Artemis Investment Management LLP owns 99,453 shares worth $907,000. The total value of its holdings decreased 3.3%.
On July 13 Citigroup made no change to the company rating of “Buy” and lowered the price expectation to $13.00 from $14.00. On July 18, 2017 the stock rating was changed to “Buy” according to a Deutsche Bank report which was a cut from the previous “Buy” rating.
July 21 investment analysts at Citigroup made no change to the stock rating of “Buy” and lowered the price target from $13.00 to $12.00. On October 20 the company was rated “Neutral” in a report from Goldman Sachs which is up from the previous “Sell” rating.
As of the last earnings report the EPS was $-0.22 and is expected to be $-0.15 for the current year with 237,415,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-0.03 with next year’s EPS projected to be $-0.02.
Oasis Petroleum Inc., launched on February 25, 2010, 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. The Business’s segments include Exploration and Production, Well Services, and Midstream Services. The exploration and production segment is involved in the acquisition and development of oil and natural gas properties. The well services business segment (OWS) performs completion services for the Business’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA). The midstream services business segment (OMS) performs salt water gathering and disposal services, fresh water services, natural gas gathering and processing and crude oil gathering and transportation and other midstream services for the Business’s oil and natural gas wells operated by OPNA. The Company also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS)..