Oasis Petroleum Inc. (NYSE:OAS) traded 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. The stock had previously closed at $7.25.

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Oasis Petroleum in a research note on Sunday, May 22nd. Simmons reissued a “hold” rating on shares of Oasis Petroleum in a research note on Sunday, June 12th. Vetr raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 target price for the company in a research note on Thursday, June 2nd. Canaccord Genuity reissued a “hold” rating on shares of Oasis Petroleum in a research note on Tuesday, May 10th. Finally, Citigroup Inc. reissued a “hold” rating and issued a $9.50 target price (up from $7.50) on shares of Oasis Petroleum in a research note on Thursday, April 7th. Two 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. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus target price of $10.66.

The firm’s market capitalization is $1.37 billion. The firm has a 50 day moving average of $9.11 and a 200-day moving average of $7.90.

Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings data on Monday, May 9th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.01. The firm had revenue of $130.30 million for the quarter, compared to analysts’ expectations of $175.01 million. The company’s revenue was down 27.8% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. On average, equities analysts anticipate that Oasis Petroleum Inc. will post ($0.69) EPS for the current fiscal year.

In other news, COO Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $10.15, for a total transaction of $507,500.00. Following the completion of the transaction, the chief operating officer now directly 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 SEC, which is accessible through this hyperlink.

Several institutional investors have recently modified their holdings of OAS. California State Teachers Retirement System increased its position 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 valued at $1,901,000 after buying an additional 4,114 shares during the period. Swiss National Bank increased its position in shares of Oasis Petroleum by 1.2% in the fourth quarter. Swiss National Bank now owns 165,500 shares of the company’s stock valued at $1,220,000 after buying an additional 1,900 shares during the period. California Public Employees Retirement System increased its position in shares of 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. New York State Common Retirement Fund increased its position in shares of Oasis Petroleum by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 264,575 shares of the company’s stock valued at $1,950,000 after buying an additional 3,900 shares during the period. Finally, Bank of Montreal Can increased its position 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 valued at $3,524,000 after buying an additional 85,263 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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