Shares of Oasis Petroleum Inc. (NYSE:OAS) shot up 9.7% during trading on Thursday . The stock traded as high as $9.28 and last traded at $9.26, with a volume of 8,911,822 shares changing hands. The stock had previously closed at $8.44.

Several research firms have commented on OAS. Seaport Global Securities downgraded Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Tuesday, June 7th. Vetr raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 price objective for the company in a research note on Thursday, June 9th. Piper Jaffray Cos. assumed coverage on Oasis Petroleum in a research report on Friday, June 10th. They set a “neutral” rating and a $13.00 target price on the stock. Simmons assumed coverage on Oasis Petroleum in a research report on Friday, June 10th. They set a “neutral” rating and a $13.00 target price on the stock. Finally, Deutsche Bank AG boosted their target price on Oasis Petroleum from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, June 14th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.25.

The stock’s market capitalization is $1.69 billion. The company has a 50-day moving average price of $8.49 and a 200-day moving average price of $8.10.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.04. The business earned $179 million during the quarter, compared to analyst estimates of $184.47 million. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. Analysts anticipate that Oasis Petroleum Inc. will post ($0.64) EPS for the current fiscal year.

In related news, Chairman Thomas B. Nusz sold 200,000 shares of Oasis Petroleum stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $8.92, for a total value of $1,784,000.00. Following the completion of the sale, the chairman now owns 1,590,772 shares of the company’s stock, valued at approximately $14,189,686.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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 approximately $12,504,607.15. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in OAS. Swiss National Bank raised its stake in 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 last quarter. New York State Common Retirement Fund raised its stake in 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 last quarter. Bank of Montreal Can raised 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 valued at $3,524,000 after buying an additional 85,263 shares during the last quarter. California Public Employees Retirement System raised 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 last quarter. Finally, Schroder Investment Management Group raised 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 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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