Shares of Oasis Petroleum Inc. (NYSE:OAS) dropped 2.6% during trading 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.

OAS has been the subject of several research analyst reports. Goldman Sachs Group Inc. lifted their target price on shares of Oasis Petroleum from $7.25 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, March 29th. Seaport Global Securities raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $10.00 in a report on Wednesday, March 30th. Deutsche Bank AG reissued a “hold” rating on shares of Oasis Petroleum in a report on Thursday, April 7th. Citigroup Inc. reissued a “hold” rating and issued a $9.50 price objective (up previously from $7.50) on shares of Oasis Petroleum in a report on Thursday, April 7th. Finally, Vetr downgraded shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $9.50 price objective for the company. in a report on Tuesday, April 19th. 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 stock. The company has a consensus rating of “Hold” and an average price target of $10.66.

The stock has a 50-day moving average of $9.57 and a 200 day moving average of $7.87. The company’s market cap is $1.46 billion.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Monday, May 9th. The company reported ($0.18) earnings per share (EPS) 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. The company’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, equities research 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 stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 1,231,981 shares of the company’s stock, valued at approximately $12,504,607.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Other large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised 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 valued at $22,963,000 after buying an additional 266,030 shares in the last quarter. Hodges Capital Management Inc. increased its position in Oasis Petroleum by 3.4% in the fourth quarter. Hodges Capital Management Inc. now owns 1,298,813 shares of the company’s stock valued at $9,572,000 after buying an additional 42,852 shares during the last quarter. 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 during 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 during the last quarter. Finally, California Public Employees Retirement System increased its position in Oasis Petroleum by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 702,000 shares of the company’s stock valued at $5,174,000 after buying an additional 19,800 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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