Oasis Petroleum Inc. (NYSE:OAS)’s share price rose 12.3% on Tuesday . The stock traded as high as $9.43 and last traded at $9.38, with a volume of 6,785,306 shares changing hands. The stock had previously closed at $8.35.

OAS has been the subject of several research reports. Vetr lowered shares of Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $9.00 price objective for the company. in a research report on Wednesday, March 23rd. Seaport Global Securities raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Thursday, March 31st. Topeka Capital Markets upped their price objective on shares of Oasis Petroleum from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, May 10th. Jefferies Group raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $12.00 in a research note on Tuesday, May 10th. Finally, Citigroup Inc. raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $13.00 in a research note on Thursday, June 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Oasis Petroleum presently has a consensus rating of “Hold” and an average target price of $10.66.

The company has a 50-day moving average of $9.90 and a 200 day moving average of $7.81. The stock’s market capitalization is $1.60 billion.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.01. The company earned $130.30 million during the quarter, compared to analyst estimates of $175.01 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue was down 27.8% compared to the same quarter last year. Equities analysts predict that Oasis Petroleum Inc. will post ($0.70) EPS for the current 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 transaction of $507,500.00. Following the completion of the sale, the chief operating officer now directly owns 1,231,981 shares in the company, valued at approximately $12,504,607.15. The sale was disclosed in a filing with the SEC, which is available through this link.

Other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP increased its position 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 in the last quarter. Wells Fargo & Company MN increased its position in Oasis Petroleum by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,115,795 shares of the company’s stock valued at $22,963,000 after buying an additional 266,030 shares in the last quarter. Quantitative Investment Management LLC increased its position 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 in the last quarter. Schroder Investment Management Group increased its position 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 in the last quarter. Finally, Morgan Stanley increased its position in Oasis Petroleum by 38.7% in the fourth quarter. Morgan Stanley now owns 354,402 shares of the company’s stock valued at $2,613,000 after buying an additional 98,830 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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