Brenham Capital Management adds Oasis Petroleum (OAS) to its portfolio

Oasis Petroleum (OAS) : Brenham Capital Management added new position in Oasis Petroleum during the most recent quarter end. The investment management firm now holds 5,200,000 shares of Oasis Petroleum which is valued at $48,620,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Oasis Petroleum makes up approximately 5.68% of Brenham Capital Management’s portfolio.

Other Hedge Funds, Including , Driehaus Capital Management added OAS to its portfolio by purchasing 72,936 company shares during the most recent quarter which is valued at $681,952. Oasis Petroleum makes up approx 0.02% of Driehaus Capital Management’s portfolio. Cipher Capital Lp sold out all of its stake in OAS during the most recent quarter. The investment firm sold 70,854 shares of OAS which is valued $662,485.Blackrock Fund Advisors boosted its stake in OAS in the latest quarter, The investment management firm added 17,463 additional shares and now holds a total of 4,792,923 shares of Oasis Petroleum which is valued at $44,813,830. Oasis Petroleum makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Ubs Asset Management Americas Inc boosted its stake in OAS in the latest quarter, The investment management firm added 10,232 additional shares and now holds a total of 3,773,079 shares of Oasis Petroleum which is valued at $34,297,288. Oasis Petroleum makes up approx 0.04% of Ubs Asset Management Americas Inc’s portfolio.

Oasis Petroleum opened for trading at $9.38 and hit $9.52 on the upside on Thursday, eventually ending the session at $9.49, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 89,42,619 shares. Company has a market cap of $1,712 M.

On the company’s financial health, Oasis Petroleum reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.15. The company had revenue of $179.00 million for the quarter, compared to analysts expectations of $197.16 million. The company’s revenue was down -22.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Oasis Petroleum. Oasis Petroleum was Upgraded by Seaport Global Securities to ” Accumulate” on Aug 30, 2016. Williams Capital Group Initiated Oasis Petroleum on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $13.Oasis Petroleum was Upgraded by Raymond James to ” Strong Buy” on Aug 5, 2016.

Oasis Petroleum Inc. 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 Company’s core projects include Williston Basin West Williston East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons including the Bakken Three Forks Madison and Red River formations. The Company controls 357584 net acres in the West Williston project area. The Company controls 147919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.

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