Oasis Petroleum (NYSE:OAS) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Oasis Petroleum (NYSE:OAS – Get Rating) in a report released on Monday morning. The brokerage issued a hold rating on the stock.

Oasis Petroleum Trading Down 10.2 %

Shares of NYSE OAS opened at $109.30 on Monday. The business’s 50-day moving average is $13.22. Oasis Petroleum has a 1-year low of $79.31 and a 1-year high of $181.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oasis Petroleum stock. Inscription Capital LLC acquired a new position in shares of Oasis Petroleum Inc. (NYSE:OAS – Get Rating) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 570,062 shares of the company’s stock, valued at approximately $69,348,000. Oasis Petroleum makes up about 12.5% of Inscription Capital LLC’s portfolio, making the stock its biggest holding. Inscription Capital LLC owned approximately 2.90% of Oasis Petroleum as of its most recent filing with the SEC.

About Oasis Petroleum

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Oasis Petroleum, Inc is an independent exploration and production company with quality and sustainable long-lived assets in the Williston and Delaware Basins. The Company is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental United States.