Oasis Petroleum (NYSE:OAS) Hits New 12-Month Low at $2.11

Oasis Petroleum Inc. (NYSE:OAS) reached a new 52-week low on Wednesday . The stock traded as low as $2.11 and last traded at $2.15, with a volume of 10353628 shares changing hands. The stock had previously closed at $2.23.

Several equities analysts have recently weighed in on the company. Johnson Rice downgraded Oasis Petroleum from a “buy” rating to an “accumulate” rating in a research report on Tuesday, November 19th. Susquehanna Bancshares reissued a “neutral” rating and set a $3.50 target price (down previously from $4.00) on shares of Oasis Petroleum in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.81.

The business has a fifty day moving average price of $2.79 and a two-hundred day moving average price of $3.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.83 and a quick ratio of 0.77. The firm has a market capitalization of $722.95 million, a price-to-earnings ratio of 8.23 and a beta of 2.25.

Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Oasis Petroleum by 45,150.4% in the third quarter. Millennium Management LLC now owns 11,391,327 shares of the energy producer’s stock valued at $39,413,000 after purchasing an additional 11,366,153 shares during the period. State Street Corp lifted its position in shares of Oasis Petroleum by 26.9% in the fourth quarter. State Street Corp now owns 25,748,868 shares of the energy producer’s stock valued at $83,941,000 after acquiring an additional 5,459,049 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Oasis Petroleum in the fourth quarter valued at approximately $10,480,000. Foundry Partners LLC purchased a new position in shares of Oasis Petroleum in the fourth quarter valued at approximately $8,039,000. Finally, Cowen AND Company LLC purchased a new position in shares of Oasis Petroleum in the fourth quarter valued at approximately $6,520,000. 95.34% of the stock is currently owned by institutional investors and hedge funds.

Oasis Petroleum Company Profile (NYSE:OAS)

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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