Shares of Oasis Petroleum Inc. (NYSE:OAS) saw an uptick in trading volume on Friday . 6,957,797 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 9,171,891 shares.The stock last traded at $8.52 and had previously closed at $8.55.

Several brokerages have recently issued reports on OAS. Vetr lowered Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 target price for the company. in a research report on Monday, June 27th. Deutsche Bank AG raised their price objective on Oasis Petroleum from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Tuesday, June 14th. Simmons reaffirmed a “hold” rating on shares of Oasis Petroleum in a research report on Sunday, June 12th. Piper Jaffray Cos. initiated coverage on Oasis Petroleum in a research report on Friday, June 10th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Seaport Global Securities lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the stock. Oasis Petroleum has a consensus rating of “Hold” and a consensus price target of $10.62.

The stock’s market cap is $1.56 billion. The stock has a 50 day moving average of $9.97 and a 200 day moving average of $7.79.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Monday, May 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.01. During the same quarter last year, the firm posted $0.28 earnings per share. The company earned $130.30 million during the quarter, compared to analysts’ expectations of $175.01 million. Oasis Petroleum’s revenue for the quarter was down 27.8% compared to the same quarter last year. Equities analysts anticipate that Oasis Petroleum Inc. will post ($0.70) EPS for the current fiscal year.

In related news, COO Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction 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 approximately $12,504,607.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Other large investors have recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of Oasis Petroleum by 1.2% in the fourth quarter. Swiss National Bank now owns 165,500 shares of the company’s stock worth $1,220,000 after buying an additional 1,900 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Oasis Petroleum by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 264,575 shares of the company’s stock worth $1,950,000 after buying an additional 3,900 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Oasis Petroleum by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 257,945 shares of the company’s stock worth $1,901,000 after buying an additional 4,114 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Oasis Petroleum by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 702,000 shares of the company’s stock worth $5,174,000 after buying an additional 19,800 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its stake 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.

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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