Oasis Petroleum Inc. (NYSE:OAS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

A number of other equities analysts also recently issued reports on OAS. UBS AG upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and cut their price target for the company from $14.00 to $13.00 in a report on Thursday, June 8th. ValuEngine downgraded shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Monday, August 7th. BMO Capital Markets set a $11.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Sunday, August 13th. Royal Bank Of Canada set a $19.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, June 8th. Finally, Bank of America Corporation downgraded shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $16.00 in a report on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $14.59.

Shares of Oasis Petroleum (NYSE:OAS) traded up 2.65% during midday trading on Thursday, reaching $7.35. 5,601,512 shares of the company’s stock traded hands. Oasis Petroleum has a 1-year low of $6.90 and a 1-year high of $17.08. The firm’s 50-day moving average price is $7.76 and its 200 day moving average price is $11.01. The stock’s market capitalization is $1.75 billion.

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, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The business had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) EPS. On average, equities analysts predict that Oasis Petroleum will post ($0.13) earnings per share for the current fiscal year.

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In related news, insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum 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 completion of the sale, the insider now owns 1,175,727 shares in the company, valued at $9,194,185.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Thomas B. Nusz sold 187,236 shares of Oasis Petroleum stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total transaction of $1,778,742.00. Following the completion of the sale, the chairman now owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of OAS. Bank of New York Mellon Corp raised its stake in shares of Oasis Petroleum by 90.4% in the second quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock worth $46,330,000 after buying an additional 2,732,234 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Oasis Petroleum during the second quarter worth about $17,572,000. Caymus Capital Partners L.P. raised its stake 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 worth $50,229,000 after buying an additional 2,086,400 shares during the period. State Street Corp raised its stake in shares of 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 buying an additional 1,931,992 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of Oasis Petroleum during the first quarter worth about $18,545,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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