Oasis Petroleum Inc. (NYSE:OAS) shares were up 1.7% on Wednesday . The stock traded as high as $9.69 and last traded at $9.64, with a volume of 6,533,492 shares trading hands. The stock had previously closed at $9.48.

Several research analysts have weighed in on OAS shares. Vetr upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 price target for the company in a report on Thursday, June 2nd. Citigroup Inc. upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.00 to $13.00 in a report on Thursday, June 2nd. Jefferies Group upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.00 to $12.00 in a report on Tuesday, May 10th. Topeka Capital Markets boosted their price target on Oasis Petroleum from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 10th. Finally, Ladenburg Thalmann upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.38.

The stock’s market cap is $1.76 billion. The company’s 50 day moving average is $8.54 and its 200 day moving average is $8.21.

Oasis Petroleum (NYSE:OAS) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. Equities research analysts forecast that Oasis Petroleum Inc. will post ($0.63) EPS for the current fiscal year.

In other Oasis Petroleum news, COO Taylor L. Reid sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $10.15, for a total value of $507,500.00. Following the sale, the chief operating officer now directly owns 1,231,981 shares in the company, valued at approximately $12,504,607.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Thomas B. Nusz sold 200,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $8.92, for a total transaction of $1,784,000.00. Following the completion of the sale, the chairman now owns 1,590,772 shares in the company, valued at $14,189,686.24. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the company. Marshall Wace LLP raised 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 valued at $7,737,000 after buying an additional 910,039 shares in the last quarter. Wells Fargo & Company MN raised 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 valued at $22,963,000 after buying an additional 266,030 shares in 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 in 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 in the last quarter. Finally, 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 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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