Oasis Petroleum Inc. (NYSE:OAS)’s share price fell 2.6% on Thursday . The stock traded as low as $8.43 and last traded at $8.46, with a volume of 3,763,905 shares. The stock had previously closed at $8.69.

Several research firms have weighed in on OAS. Cantor Fitzgerald reiterated a “hold” rating on shares of Oasis Petroleum in a research report on Sunday, May 22nd. Simmons restated a “hold” rating on shares of Oasis Petroleum in a report on Sunday, June 12th. Vetr upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 price target on the stock in a report on Thursday, June 2nd. Canaccord Genuity restated a “hold” rating on shares of Oasis Petroleum in a report on Tuesday, May 10th. Finally, Citigroup Inc. restated a “hold” rating and set a $9.50 price target (up from $7.50) on shares of Oasis Petroleum in a report on Thursday, April 7th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.66.

The stock’s market cap is $1.51 billion. The firm has a 50 day moving average of $9.69 and a 200 day moving average of $7.86.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.01. The firm had revenue of $130.30 million for the quarter, compared to the consensus estimate of $175.01 million. Oasis Petroleum’s revenue for the quarter was down 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Equities analysts predict that Oasis Petroleum Inc. will post ($0.70) EPS for the current fiscal year.

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

Several hedge funds recently bought and sold shares of OAS. Marshall Wace LLP boosted 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 worth $7,737,000 after buying an additional 910,039 shares in the last quarter. Wells Fargo & Company MN boosted its stake 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 worth $22,963,000 after buying an additional 266,030 shares in the last quarter. Quantitative Investment Management LLC boosted 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 worth $2,325,000 after buying an additional 153,000 shares in the last quarter. Schroder Investment Management Group boosted 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 worth $7,285,000 after buying an additional 133,811 shares in the last quarter. Finally, Bank of Montreal Can boosted 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 worth $3,524,000 after buying an additional 85,263 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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