Oasis Petroleum Inc. (NYSE:OAS) fell 5.3% during mid-day trading on Wednesday . The stock traded as low as $8.77 and last traded at $8.84, with a volume of 6,688,349 shares traded. The stock had previously closed at $9.33.

A number of research analysts recently weighed in on OAS shares. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Oasis Petroleum in a research report on Sunday, May 22nd. Simmons reaffirmed a “hold” rating on shares of Oasis Petroleum in a research report on Sunday, June 12th. Ladenburg Thalmann started coverage on shares of Oasis Petroleum in a research report on Wednesday. They issued a “buy” rating and a $12.00 target price for the company. Vetr downgraded shares of Oasis Petroleum from a “hold” rating to a “sell” rating and set a $9.50 target price for the company. in a research report on Monday, April 25th. Finally, Wunderlich raised their target price on shares of Oasis Petroleum from $4.00 to $8.00 and gave the company a “hold” rating in a research report on Wednesday, May 11th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.66.

The company’s market cap is $1.60 billion. The stock’s 50 day moving average is $9.92 and its 200 day moving average is $7.81.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The company had revenue of $130.30 million for the quarter, compared to the consensus estimate of $175.01 million. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue for the quarter was down 27.8% compared to the same quarter last year. On average, equities research analysts anticipate 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 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 completion of the transaction, the chief operating officer now owns 1,231,981 shares in the company, valued at $12,504,607.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A number of institutional investors have modified their holdings of 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 in 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 in 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 in the last quarter. California Public Employees Retirement System raised its position 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 in the last quarter. Finally, 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 in 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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