Oasis Petroleum Inc. (NYSE:OAS) shares were down 2.9% during mid-day trading on Thursday . The stock traded as low as $8.81 and last traded at $8.90, with a volume of 5,655,113 shares traded. The stock had previously closed at $9.17.

A number of research analysts have issued reports on OAS shares. Vetr downgraded shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $9.50 target price on the stock. in a research report on Tuesday, April 19th. Deutsche Bank AG restated a “hold” rating and set a $10.00 target price (up from $5.50) on shares of Oasis Petroleum in a research report on Wednesday, March 23rd. Seaport Global Securities downgraded shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. upgraded shares of Oasis Petroleum from a “sell” rating to a “neutral” rating and set a $7.25 target price on the stock in a research report on Friday, March 11th. Finally, JPMorgan Chase & Co. upgraded shares of Oasis Petroleum from a “neutral” rating to an “overweight” rating and upped their target price for the company from $5.00 to $9.00 in a research report on Tuesday, March 15th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus target price of $10.62.

The firm’s market capitalization is $1.54 billion. The stock’s 50 day moving average is $10.02 and its 200 day moving average is $7.76.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. During the same quarter in the previous year, the business posted $0.28 earnings per share. The business earned $130.30 million during the quarter, compared to analysts’ expectations of $175.01 million. The business’s revenue for the quarter was down 27.8% on a year-over-year basis. On average, analysts expect that Oasis Petroleum Inc. will post ($0.68) earnings per share for the current fiscal year.

In other Oasis Petroleum news, COO Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $10.15, for a total value of $507,500.00. Following the transaction, the chief operating officer now directly owns 1,231,981 shares of the company’s stock, valued at $12,504,607.15. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Several institutional investors have recently modified their holdings of the company. Hodges Capital Management Inc. raised its position in shares of Oasis Petroleum by 3.4% in the fourth quarter. Hodges Capital Management Inc. now owns 1,298,813 shares of the company’s stock worth $9,572,000 after buying an additional 42,852 shares during the last quarter. Marshall Wace LLP raised its position in shares of Oasis Petroleum by 651.0% in the fourth quarter. Marshall Wace LLP now owns 1,049,836 shares of the company’s stock worth $7,737,000 after buying an additional 910,039 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Oasis Petroleum by 15.7% in the fourth quarter. Schroder Investment Management Group now owns 988,465 shares of the company’s stock worth $7,285,000 after buying an additional 133,811 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Oasis Petroleum by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,115,795 shares of the company’s stock worth $22,963,000 after buying an additional 266,030 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Oasis Petroleum by 21.7% in the fourth quarter. Bank of Montreal Can now owns 478,196 shares of the company’s stock worth $3,524,000 after buying an additional 85,263 shares during the last quarter.

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. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.

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