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

OAS has been the subject of a number of analyst reports. Jefferies Group raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $12.00 in a report on Tuesday, May 10th. Vetr raised shares of Oasis Petroleum from a “sell” rating to a “hold” rating and set a $9.33 target price for the company in a report on Monday, May 2nd. Wunderlich lifted their target price on shares of Oasis Petroleum from $4.00 to $8.00 and gave the stock a “hold” rating in a report on Wednesday, May 11th. Citigroup Inc. raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a report on Thursday, June 2nd. Finally, Susquehanna raised shares of 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. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Oasis Petroleum currently has an average rating of “Hold” and a consensus target price of $11.38.

The stock has a 50-day moving average price of $8.57 and a 200 day moving average price of $8.24. The firm’s market cap is $1.87 billion.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. During the same period last year, the business posted $0.38 earnings per share. The business earned $179 million during the quarter, compared to the consensus estimate of $184.47 million. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. Equities research analysts expect that Oasis Petroleum Inc. will post ($0.62) earnings per share for the current year.

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

Several hedge funds and institutional investors have recently added to or reduced their stakes in OAS. Swiss National Bank raised its position in 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. New York State Common Retirement Fund raised its position 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 worth $1,950,000 after buying an additional 3,900 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position 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 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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