Oasis Petroleum Inc. (NYSE:OAS)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.97, but opened at $10.06. Oasis Petroleum shares last traded at $8.33, with a volume of 87733500 shares changing hands.

OAS has been the subject of several analyst reports. Stifel Nicolaus restated a “hold” rating and set a $11.00 price target on shares of Oasis Petroleum in a report on Sunday, September 3rd. Jefferies Group set a $13.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Tuesday, August 29th. Evercore ISI upgraded Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. Goldman Sachs Group upgraded Oasis Petroleum from a “sell” rating to a “neutral” rating in a report on Thursday, October 19th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Oasis Petroleum in a report on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Hold” and an average target price of $12.82.

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

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

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Oasis Petroleum by 14.5% in the third quarter. Public Employees Retirement System of Ohio now owns 226,542 shares of the energy producer’s stock worth $2,066,000 after buying an additional 28,625 shares during the period. Wealthsource Partners LLC raised its stake in shares of Oasis Petroleum by 48.9% in the third quarter. Wealthsource Partners LLC now owns 50,004 shares of the energy producer’s stock worth $456,000 after buying an additional 16,425 shares during the period. California Public Employees Retirement System raised its stake in shares of Oasis Petroleum by 1.3% in the third quarter. California Public Employees Retirement System now owns 551,500 shares of the energy producer’s stock worth $5,030,000 after buying an additional 6,900 shares during the period. Cubist Systematic Strategies LLC raised its stake in Oasis Petroleum by 39.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 33,983 shares of the energy producer’s stock valued at $310,000 after purchasing an additional 9,661 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Oasis Petroleum by 63.1% during the 3rd quarter. Janus Henderson Group PLC now owns 363,846 shares of the energy producer’s stock valued at $3,318,000 after purchasing an additional 140,810 shares during the period. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

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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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