Oasis Petroleum Inc. (NYSE:OAS) shares shot up 5.9% during mid-day trading on Monday . The company traded as high as $9.14 and last traded at $9.13. 8,326,971 shares were traded during mid-day trading, a decline of 10% from the average session volume of 9,203,890 shares. The stock had previously closed at $8.62.

A number of brokerages recently issued reports on OAS. Cowen and Company set a $14.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Monday, July 10th. UBS AG raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $14.00 to $13.00 in a research note on Thursday, June 8th. BMO Capital Markets set a $11.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Sunday, August 13th. Deutsche Bank AG cut shares of Oasis Petroleum from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $11.00 in a research note on Tuesday, July 18th. Finally, ValuEngine cut shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.44.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $254.10 million for the quarter, compared to analyst estimates of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The company’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS.

In other Oasis Petroleum news, insider Taylor L. Reid sold 50,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $7.82, for a total value of $391,000.00. Following the sale, the insider now owns 1,175,727 shares of the company’s stock, 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 owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Amalgamated Bank grew its holdings in Oasis Petroleum by 1.1% in the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock worth $238,000 after acquiring an additional 323 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Oasis Petroleum by 2.9% in the 1st quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock worth $251,000 after acquiring an additional 497 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Oasis Petroleum by 5.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,089 shares during the last quarter. Bellwether Investment Group LLC grew its holdings in Oasis Petroleum by 7.7% in the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,463 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Oasis Petroleum by 14.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after acquiring an additional 1,526 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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Oasis Petroleum Company Profile

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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