Oasis Petroleum Inc. (NYSE:OAS) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 44,645,398 shares, an increase of 6.8% from the July 31st total of 41,804,463 shares. Currently, 16.3% of the company’s stock are short sold. Based on an average daily trading volume, of 8,264,385 shares, the short-interest ratio is currently 5.4 days.

Institutional investors have recently bought and sold shares of the company. Teza Capital Management LLC purchased a new stake in shares of Oasis Petroleum during the first quarter worth $119,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Oasis Petroleum during the 1st quarter worth $120,000. Oakbrook Investments LLC purchased a new stake in shares of Oasis Petroleum during the 2nd quarter worth $131,000. CIBC Asset Management Inc purchased a new stake in shares of Oasis Petroleum during the 2nd quarter worth $150,000. Finally, Element Capital Management LLC purchased a new stake in shares of Oasis Petroleum during the 1st quarter worth $159,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

OAS has been the subject of several analyst reports. ValuEngine upgraded Oasis Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, May 26th. Jefferies Financial Group reissued a “neutral” rating on shares of Oasis Petroleum in a research report on Friday, July 13th. Zacks Investment Research downgraded Oasis Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 19th. Susquehanna Bancshares downgraded Oasis Petroleum from a “positive” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Monday, July 9th. They noted that the move was a valuation call. Finally, Williams Capital reaffirmed a “buy” rating and set a $18.00 price target on shares of Oasis Petroleum in a research report on Wednesday, May 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.30.

Oasis Petroleum stock traded up $0.11 during trading on Friday, hitting $12.28. The company had a trading volume of 5,109,513 shares, compared to its average volume of 5,388,354. Oasis Petroleum has a 1-year low of $7.31 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 0.51. The company has a market capitalization of $3.97 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 1.83 and a beta of 2.14.

Oasis Petroleum (NYSE:OAS) last posted its earnings results on Monday, August 6th. The energy producer reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Oasis Petroleum had a negative net margin of 14.48% and a positive return on equity of 2.53%. The firm had revenue of $501.30 million during the quarter, compared to the consensus estimate of $404.75 million. During the same quarter last year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 97.3% on a year-over-year basis. equities research analysts forecast that Oasis Petroleum will post 0.45 earnings per share for the current year.

Oasis Petroleum Company Profile

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 Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

Further Reading: Average Daily Trade Volume – ADTV

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