Oasis Petroleum Inc. (NYSE:OAS) shares traded up 12.3% during mid-day trading on Tuesday . The stock traded as high as $9.43 and last traded at $9.38, with a volume of 6,785,306 shares traded. The stock had previously closed at $8.35.

Several brokerages have recently weighed in on OAS. 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 report on Tuesday, June 7th. Vetr upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 price objective for the company in a report on Thursday, June 9th. Piper Jaffray Cos. began coverage on Oasis Petroleum in a report on Friday, June 10th. They issued a “neutral” rating and a $13.00 price objective for the company. Simmons began coverage on Oasis Petroleum in a report on Friday, June 10th. They issued a “neutral” rating and a $13.00 price objective for the company. Finally, Deutsche Bank AG upped their price objective on Oasis Petroleum from $10.00 to $11.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued 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’s 50 day moving average is $9.93 and its 200 day moving average is $7.79. The firm’s market capitalization is $1.68 billion.

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

In other Oasis Petroleum news, COO Taylor L. Reid sold 50,000 shares of the company’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 approximately $12,504,607.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Other institutional investors have made changes to their positions in the company. Swiss National Bank raised its position 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. California State Teachers Retirement System raised its position 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. New York State Common Retirement Fund raised its position 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. Quantitative Investment Management LLC raised its position in shares of Oasis Petroleum by 94.1% in the fourth quarter. Quantitative Investment Management LLC now owns 315,600 shares of the company’s stock worth $2,325,000 after buying an additional 153,000 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Oasis Petroleum by 38.7% in the fourth quarter. Morgan Stanley now owns 354,402 shares of the company’s stock worth $2,613,000 after buying an additional 98,830 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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