Oasis Petroleum Inc. (NYSE:OAS)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.92, but opened at $8.16. Oasis Petroleum shares last traded at $8.26, with a volume of 12,441,494 shares traded.

A number of equities analysts have recently commented on the company. UBS AG raised Oasis Petroleum from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $14.00 to $13.00 in a research report on Thursday, June 8th. ValuEngine downgraded Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research report on Sunday, August 13th. Morgan Stanley reissued an “equal weight” rating on shares of Oasis Petroleum in a research report on Saturday. Finally, Royal Bank Of Canada set a $19.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, June 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.48.

The company has a 50 day moving average of $7.54 and a 200-day moving average of $10.10. The company’s market capitalization is $1.98 billion.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $254.10 million during the quarter, compared to analyst estimates of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The business’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. On average, equities analysts forecast that Oasis Petroleum Inc. will post ($0.14) EPS for the current fiscal year.

In other news, insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the transaction, the insider now owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC lifted its holdings in shares of Oasis Petroleum by 66,980.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 77,143 shares of the energy producer’s stock worth $5,255,000 after purchasing an additional 77,028 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Oasis Petroleum by 14.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after purchasing an additional 2,400 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Oasis Petroleum by 71.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 197,917 shares of the energy producer’s stock worth $1,593,000 after purchasing an additional 82,217 shares during the last quarter. Wealthsource Partners LLC lifted its holdings in shares of Oasis Petroleum by 36.9% in the 2nd quarter. Wealthsource Partners LLC now owns 33,579 shares of the energy producer’s stock worth $270,000 after purchasing an additional 9,049 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC lifted its holdings in shares of Oasis Petroleum by 2.8% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock worth $610,000 after purchasing an additional 2,062 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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About Oasis Petroleum

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, Well Services, and Midstream Services.

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