Oasis Petroleum Inc. (NYSE:OAS) shares were down 17.2% on Tuesday . The stock traded as low as $8.30 and last traded at $8.33. Approximately 87,709,212 shares traded hands during trading, an increase of 881% from the average daily volume of 8,941,401 shares. The stock had previously closed at $10.06.

Several research analysts have weighed in on OAS shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 target price (down from $10.50) on shares of Oasis Petroleum in a research report on Monday, September 25th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Oasis Petroleum in a research report on Tuesday, October 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 target price (up from $12.00) on shares of Oasis Petroleum in a research report on Thursday, November 9th. Morgan Stanley upped their target price on Oasis Petroleum from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Jefferies Group reissued a “buy” rating and set a $13.00 price objective on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.45.

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76.

Oasis Petroleum (NYSE:OAS) last released its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The company had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business’s revenue for the quarter was up 71.9% on a year-over-year basis. During the same period last year, the firm earned ($0.19) EPS. research analysts expect that Oasis Petroleum Inc. will post -0.09 earnings per share for the current fiscal year.

In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares in the company, valued at $1,599,218.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of OAS. Vanguard Group Inc. grew its position in shares of Oasis Petroleum by 0.6% in the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock valued at $157,152,000 after purchasing an additional 125,706 shares during the last quarter. State Street Corp lifted its stake in Oasis Petroleum by 24.3% in the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after purchasing an additional 1,931,992 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Oasis Petroleum by 4.1% in the second quarter. Alliancebernstein L.P. now owns 6,855,946 shares of the energy producer’s stock valued at $55,190,000 after acquiring an additional 270,140 shares during the period. Bank of New York Mellon Corp increased its position in shares of Oasis Petroleum by 10.0% in the third quarter. Bank of New York Mellon Corp now owns 6,331,449 shares of the energy producer’s stock valued at $57,743,000 after acquiring an additional 576,272 shares during the period. Finally, Caymus Capital Partners L.P. increased its position in shares of Oasis Petroleum by 50.2% in the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock valued at $50,229,000 after acquiring an additional 2,086,400 shares during the period. Institutional investors own 93.94% of the company’s stock.

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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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