Oasis Petroleum Inc. (NYSE:OAS)’s share price was up 9.7% during mid-day trading on Thursday . The company traded as high as $9.28 and last traded at $9.26, with a volume of 8,911,822 shares traded. The stock had previously closed at $8.44.

A number of equities analysts have issued reports on OAS shares. Vetr cut Oasis Petroleum from a “buy” rating to a “hold” rating and set a $9.50 target price on the stock. in a report on Tuesday, April 19th. Cantor Fitzgerald cut Oasis Petroleum from a “buy” rating to a “hold” rating and raised their target price for the stock from $8.00 to $9.00 in a report on Tuesday, April 26th. Topeka Capital Markets raised their target price on Oasis Petroleum from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 10th. Jefferies Group upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $12.00 in a report on Tuesday, May 10th. Finally, Canaccord Genuity restated a “hold” rating on shares of Oasis Petroleum in a report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.25.

The firm’s 50 day moving average price is $8.60 and its 200-day moving average price is $8.06. The company’s market capitalization is $1.64 billion.

Oasis Petroleum (NYSE:OAS) last issued 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. During the same period last year, the company earned $0.38 earnings per share. The company earned $179 million during the quarter, compared to analysts’ expectations of $184.47 million. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year. Analysts anticipate that Oasis Petroleum Inc. will post ($0.65) earnings per share for the current year.

In related news, COO Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $10.15, for a total transaction of $507,500.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. increased 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 worth $9,572,000 after buying an additional 42,852 shares in the last quarter. Marshall Wace LLP increased 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 worth $7,737,000 after buying an additional 910,039 shares in the last quarter. Schroder Investment Management Group increased 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 worth $7,285,000 after buying an additional 133,811 shares in the last quarter. Wells Fargo & Company MN increased 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 worth $22,963,000 after buying an additional 266,030 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in 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 in 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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