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

StockNews.com assumed coverage on shares of Oasis Petroleum (NYSE:OASGet 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:OASGet 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

(Get Rating)

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.

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