Oasis Petroleum Inc. (NYSE:OAS) shares saw unusually-strong trading volume on Monday . Approximately 12,733,396 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 11,429,311 shares.The stock last traded at $9.16 and had previously closed at $8.66.

Several analysts have recently weighed in on OAS shares. Raymond James Financial Inc. upgraded Oasis Petroleum from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $14.00 to $17.00 in a report on Friday. Vetr downgraded Oasis Petroleum from a “buy” rating to a “hold” rating and set a $9.50 target price for the company. in a report on Tuesday, April 19th. Ladenburg Thalmann raised Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, July 13th. Susquehanna raised Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $11.00 target price for the company in a report on Monday, August 1st. Finally, Seaport Global Securities downgraded Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Tuesday, June 7th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.25.

The company has a 50-day moving average of $8.71 and a 200-day moving average of $8.04. The company’s market capitalization is $1.61 billion.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The firm earned $179 million during the quarter, compared to analyst estimates of $184.47 million. The business’s quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. Analysts forecast that Oasis Petroleum Inc. will post ($0.66) earnings per share for the current fiscal year.

In other news, COO Taylor L. Reid sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was 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 in the company, valued at approximately $12,504,607.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Other hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased 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 valued at $3,524,000 after buying an additional 85,263 shares in the last quarter. Schroder Investment Management Group boosted its position 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 valued at $7,285,000 after buying an additional 133,811 shares during the last quarter. Marshall Wace LLP boosted its position 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 valued at $7,737,000 after buying an additional 910,039 shares during the last quarter. California State Teachers Retirement System boosted 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 last quarter. Finally, Hodges Capital Management Inc. boosted its position 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 valued at $9,572,000 after buying an additional 42,852 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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