Oasis Petroleum Inc. (NYSE:OAS) shot up 4.8% during trading on Friday . The company traded as high as $7.64 and last traded at $7.60, with a volume of 11,168,951 shares traded. The stock had previously closed at $7.25.

A number of brokerages recently commented on OAS. Ladenburg Thalmann upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, July 13th. Vetr lowered shares of Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 price objective on the stock. in a report on Monday, June 27th. Deutsche Bank AG raised their price objective on shares of Oasis Petroleum from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Simmons restated a “hold” rating on shares of Oasis Petroleum in a report on Sunday, June 12th. Finally, Piper Jaffray Cos. began coverage on shares of Oasis Petroleum in a report on Friday, June 10th. They set a “neutral” rating and a $13.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the company. Oasis Petroleum presently has a consensus rating of “Hold” and an average target price of $10.66.

The company’s 50-day moving average is $9.11 and its 200 day moving average is $7.90. The stock’s market capitalization is $1.37 billion.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Monday, May 9th. The company reported ($0.18) EPS 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 firm posted $0.28 earnings per share. The firm’s revenue for the quarter was down 27.8% compared to the same quarter last year. On average, equities analysts predict that Oasis Petroleum Inc. will post ($0.69) earnings per share for the current fiscal year.

In related news, COO Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction 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 sale, the chief operating officer now owns 1,231,981 shares in the company, valued at $12,504,607.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of hedge funds recently added to or reduced their stakes in OAS. 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 valued at $22,963,000 after buying an additional 266,030 shares during the period. Hodges Capital Management Inc. boosted its stake 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 period. 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 valued at $7,737,000 after buying an additional 910,039 shares during the period. 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 valued at $7,285,000 after buying an additional 133,811 shares during the period. Finally, California Public Employees Retirement System boosted its stake 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 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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