Oasis Petroleum Inc. (NYSE:OAS)’s share price was down 2.9% on Thursday . The stock traded as low as $8.81 and last traded at $8.90, with a volume of 5,655,113 shares changing hands. The stock had previously closed at $9.17.

Several equities analysts recently weighed in on OAS shares. Vetr lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $9.50 price objective on the stock. in a report on Tuesday, April 19th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $10.00 target price (up previously from $5.50) on shares of Oasis Petroleum in a research note 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 for the company. in a research note on Tuesday, June 7th. Goldman Sachs Group Inc. raised shares of Oasis Petroleum from a “sell” rating to a “neutral” rating and set a $7.25 target price for the company in a research note on Friday, March 11th. Finally, JPMorgan Chase & Co. raised 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 note 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 company. The company currently has an average rating of “Hold” and a consensus target price of $10.62.

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

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.18) 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 had revenue of $130.30 million for the quarter, compared to analyst estimates of $175.01 million. The firm’s revenue was down 27.8% on a year-over-year basis. On average, equities research analysts predict that Oasis Petroleum Inc. will post ($0.70) earnings per share for the current fiscal year.

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

Other large investors have added to or reduced their stakes in the company. Quantitative Investment Management LLC increased its stake in Oasis Petroleum by 94.1% in the fourth quarter. Quantitative Investment Management LLC now owns 315,600 shares of the company’s stock valued at $2,325,000 after buying an additional 153,000 shares during the period. Bank of Montreal Can increased its stake in Oasis Petroleum by 21.7% in the fourth quarter. Bank of Montreal Can now owns 478,196 shares of the company’s stock valued at $3,524,000 after buying an additional 85,263 shares during the period. Schroder Investment Management Group increased its stake in Oasis Petroleum by 15.7% in the fourth quarter. Schroder Investment Management Group now owns 988,465 shares of the company’s stock valued at $7,285,000 after buying an additional 133,811 shares during the period. Marshall Wace LLP increased its stake in Oasis Petroleum by 651.0% in the fourth quarter. Marshall Wace LLP now owns 1,049,836 shares of the company’s stock valued at $7,737,000 after buying an additional 910,039 shares during the period. Finally, South Dakota Investment Council increased its stake in Oasis Petroleum by 6.2% in the fourth quarter. South Dakota Investment Council now owns 1,317,364 shares of the company’s stock valued at $9,709,000 after buying an additional 77,300 shares during the period.

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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