Oasis Petroleum Inc. (NYSE:OAS) shares were down 5.2% on Wednesday . The company traded as low as $8.35 and last traded at $8.44, with a volume of 15,185,386 shares changing hands. The stock had previously closed at $8.90.

A number of analysts recently commented on OAS shares. Topeka Capital Markets lifted their price target on Oasis Petroleum from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 10th. Cantor Fitzgerald lowered Oasis Petroleum from a “buy” rating to a “hold” rating and lifted their price target for the stock from $8.00 to $9.00 in a report on Tuesday, April 26th. Seaport Global Securities lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Tuesday, June 7th. Simmons started coverage on Oasis Petroleum in a report on Friday, June 10th. They set a “neutral” rating and a $13.00 price target on the stock. Finally, Vetr lowered Oasis Petroleum from a “strong-buy” rating to a “buy” rating and set a $11.75 price target on the stock. in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.25.

The company’s market capitalization is $1.52 billion. The firm’s 50 day moving average price is $8.60 and its 200-day moving average price is $8.06.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.04. The company earned $179 million during the quarter, compared to analysts’ expectations of $184.47 million. The company’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities research analysts expect that Oasis Petroleum Inc. will post ($0.65) earnings per share for the current year.

In other Oasis Petroleum news, COO Taylor L. Reid sold 50,000 shares of the stock in a transaction on 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 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 Securities & Exchange Commission, which is available at this link.

Other large investors have modified their holdings of the company. California State Teachers Retirement System raised 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 last quarter. Swiss National Bank raised its stake 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 worth $1,220,000 after buying an additional 1,900 shares during the last quarter. California Public Employees Retirement System raised its stake 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 worth $5,174,000 after buying an additional 19,800 shares during the last quarter. New York State Common Retirement Fund raised its stake 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 worth $1,950,000 after buying an additional 3,900 shares during the last quarter. Finally, Bank of Montreal Can raised 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 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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