Oasis Petroleum Inc. (NYSE:OAS) has been given a consensus recommendation of “Hold” by the twenty-eight ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.23.

Several equities research analysts recently weighed in on the stock. BMO Capital Markets set a $11.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Tuesday, October 24th. ValuEngine cut shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Mizuho reaffirmed a “hold” rating and set a $10.00 price objective on shares of Oasis Petroleum in a research report on Friday, September 29th. Royal Bank Of Canada set a $14.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, BidaskClub cut shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th.

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Shares of Oasis Petroleum (NYSE:OAS) traded up 6.98% during midday trading on Wednesday, hitting $10.11. 12,403,238 shares of the company were exchanged. The company has a 50-day moving average of $8.69 and a 200 day moving average of $8.99. The company’s market capitalization is $2.40 billion. Oasis Petroleum has a one year low of $6.69 and a one year high of $17.08.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The business had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $255.41 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Oasis Petroleum’s revenue was up 42.0% compared to the same quarter last year. On average, equities research analysts expect that Oasis Petroleum will post ($0.15) earnings per share for the current fiscal year.

In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on 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 approximately $1,599,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the transaction, the insider now owns 1,175,727 shares in the company, valued at $9,194,185.14. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. NJ State Employees Deferred Compensation Plan boosted its holdings in shares of Oasis Petroleum by 250.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 70,000 shares of the energy producer’s stock worth $638,000 after buying an additional 50,000 shares in the last quarter. Adams Diversified Equity Fund Inc. boosted its holdings in shares of Oasis Petroleum by 76.7% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 96,500 shares of the energy producer’s stock worth $880,000 after buying an additional 41,900 shares in the last quarter. Westpac Banking Corp boosted its holdings in shares of Oasis Petroleum by 4.3% during the 3rd quarter. Westpac Banking Corp now owns 482,423 shares of the energy producer’s stock worth $4,400,000 after buying an additional 20,000 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Oasis Petroleum by 70.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,248,238 shares of the energy producer’s stock worth $29,624,000 after buying an additional 1,340,371 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in shares of Oasis Petroleum by 3.9% during the 3rd quarter. Nationwide Fund Advisors now owns 174,118 shares of the energy producer’s stock worth $1,588,000 after buying an additional 6,563 shares in the last quarter. Hedge funds and other institutional investors own 93.68% 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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