Oasis Petroleum Inc. (NYSE:OAS)’s share price fell 7.6% during mid-day trading on Wednesday . The company traded as low as $7.27 and last traded at $7.27, with a volume of 6,508,340 shares traded. The stock had previously closed at $7.87.

A number of brokerages have recently issued reports on OAS. Wunderlich increased their target price on Oasis Petroleum from $4.00 to $8.00 and gave the stock a “hold” rating in a report on Wednesday, May 11th. Vetr raised Oasis Petroleum from a “sell” rating to a “hold” rating and set a $9.33 target price for the company in a report on Monday, May 2nd. Jefferies Group raised Oasis Petroleum from a “hold” rating to a “buy” rating and increased their target price for the stock from $9.00 to $12.00 in a report on Tuesday, May 10th. Deutsche Bank AG restated a “hold” rating on shares of Oasis Petroleum in a research report on Thursday, April 7th. Finally, Citigroup Inc. upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and increased their price target for the stock from $12.00 to $13.00 in a research report on Thursday, June 2nd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Oasis Petroleum currently has an average rating of “Hold” and an average price target of $10.66.

The firm’s 50-day moving average is $9.42 and its 200 day moving average is $7.90. The company’s market capitalization is $1.32 billion.

Oasis Petroleum (NYSE:OAS) last issued 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 had revenue of $130.30 million for the quarter, compared to the consensus estimate of $175.01 million. During the same quarter last year, the company posted $0.28 earnings per share. The firm’s revenue was down 27.8% compared to the same quarter last year. On average, equities analysts expect that Oasis Petroleum Inc. will post ($0.69) earnings per share for the current fiscal year.

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

Other hedge funds have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of 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 during the period. Schroder Investment Management Group boosted its stake in shares of 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 during the period. Marshall Wace LLP boosted its stake in shares of 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 during the period. California State Teachers Retirement System boosted its stake 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 period. Finally, Hodges Capital Management Inc. boosted its stake 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 during the period.

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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